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NBC News Top Stories | Possible Spirit rescue fuels new fears about government involvement in business by Allie Canal

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The Trump administration is weighing a $500 million rescue of Spirit Airlines that could leave the federal government with up to a 90 % stake after the carrier emerges from bankruptcy, a move experts warn could set a dangerous precedent by expanding government involvement in private businesses and prompting other struggling airlines such as JetBlue and Frontier to seek similar aid. Critics, including Sen. Ted Cruz and Sen. Tom Cotton, call the deal a poor use of taxpayer money, while Wall Street analysts caution it could upset competition in the industry, giving an advantage to major carriers like Delta, United and American. The proposal follows recent government‑backed equity deals in sectors ranging from semiconductors to mining and raises concerns about blurring the line between regulator and operator, potentially reshaping the low‑cost airline market that Spirit has long supported.

#SpiritAirlines #Trumpadministration #CatoInstitute #TadDeHaven #JamieBaker #TedCruz #TomCotton #DonaldTrump

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Spirit bailout idea fuels fears about government, business

The Trump administration is discussing a $500 million rescue deal for Spirit Airlines that could leave the federal government owning up to 90% of the company.

NBC News