Trump Considers Spirit Airlines Takeover

Spirit Airlines is currently in advanced talks with the U.S. government for a financing package as it navigates bankruptcy protection.

The carrier has been hit hard by surging jet fuel costs linked to the ongoing conflict in the Middle East.

While some analysts argue a bailout is necessary to preserve competition, conservative critics have slammed the proposal as 'corporate welfare.' Trump has directed the Department of Transportation to review all available options to ensure the airline's survival.