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Trump considers Spirit Airlines purchase
The potential nationalization of Spirit Airlines has sparked a heated debate in Washington over government intervention in the private sector.
Trump argued that the airline's aircraft and assets make it a good investment for the federal government, especially if acquired debt-free.
The Department of Transportation has been directed to review financing packages that could keep the budget carrier operational during its bankruptcy proceedings.
However, aviation experts have warned that the move could be anti-competitive and that Spirit's fundamental business model may no longer be viable in the current economic climate.
Spirit Airlines
Ultra low cost airline in the United States
Ultra low cost airline in the United States
United States Department of Transportation
U.S. federal executive department overseeing highways, railroads, aviation, transit, and other modes of transportation
U.S. federal executive department overseeing highways, railroads, aviation, transit, and other modes of transportation