Discount Carrier Seeks Cash Infusion Amid Fuel Price Spike
Spirit Aviation Holdings Inc. is offering the US government an equity stake to help avoid potential liquidation, according to people familiar with the matter. The discount carrier is seeking a cash infusion due to a spike in jet fuel prices. This proposal follows a similar deal last year where the White House became a major shareholder in Intel Corp. to support domestic initiatives. The development was reported by Bloomberg.
Discount Carrier Seeks Cash Infusion Amid Fuel Price Spike
Spirit Aviation Holdings Inc. is offering the US government an equity stake to help avoid potential liquidation, according to people familiar with the matter. The discount carrier is seeking a cash infusion due to a spike in jet fuel prices. This proposal follows a similar deal last year where the White House became a major shareholder in Intel Corp. to support domestic initiatives. The development was reported by Bloomberg.