What Happened
Government Intervention May Test Limits of Economic Support
The Trump administration is considering a $500 million bailout for Spirit Airlines, which could give the government a significant ownership stake in the struggling carrier. The move is part of a series of increasingly aggressive examples of economic interventionism by the president. According to Axios, the deal is in advanced discussions and could provide equity warrants giving the government up to 90% ownership of the airline. The potential bailout has sparked debate over the role of government intervention in the economy and the impact on the airline industry. The story was first reported by Axios.