After Scuttled Spirit Deal, Trump Admin Assigns Blame for Airline’s Demise
Transportation Secretary Sean Duffy said responsibility lies with former President Joe Biden and his Justice Department.
Transportation Secretary Sean Duffy said responsibility lies with former President Joe Biden and his Justice Department.
Spirit halted all flying around 2 a.m. Saturday, leaving customers scrambling for alternate bookings.
Earlier reports suggested that the carrier was quickly running out of cash.
The Wall Street Journal reported Friday that the carrier is preparing to shut down.
The carrier is reportedly struggling to get its various creditors to agree to a government rescue plan.
Some of the airline’s creditors have raised concerns about a potential rescue’s impact on their investments.
The money would be used exclusively to offset rising fuel costs, representatives said.
The president said he’d like to acquire the budget carrier and then sell it for a profit when oil prices come down.
The carrier is believed to have reached out to the White House last week.
The President said the federal government may have to step in to help the struggling budget carrier.