{"id":2597186,"date":"2026-04-30T14:10:38","date_gmt":"2026-04-30T18:10:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-official-says-spirit-bailout-talks-are-ongoing\/"},"modified":"2026-04-30T14:14:28","modified_gmt":"2026-04-30T18:14:28","slug":"trump-official-says-spirit-bailout-talks-are-ongoing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-official-says-spirit-bailout-talks-are-ongoing\/","title":{"rendered":"Trump official says Spirit bailout talks are &#8216;ongoing&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-official-says-spirit-bailout-talks-are-ongoing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2597186&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Talks between the Trump administration, lenders, and other stakeholders over a possible federal rescue of Spirit Airlines are ongoing. National Economic Council Director Kevin Hassett said negotiations are focused on what a bailout could look like, including a reportedly proposed plan involving a $500 million loan in exchange for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doj-expands-trumps-jan-6-pardons-to-include-unrelated-weapons-crimes-washington-examiner\/\" title=\"DOJ expands Trump\u2019s Jan. 6 pardons to include unrelated weapons crimes - Washington Examiner\">warrants tied<\/a> to 90% of spirit\u2019s equity.<\/p>\n<p>Spirit\u2019s condition has worsened over the past two years,including two bankruptcy filings from 2024 to 2025. A proposed merger with JetBlue was blocked in 2024 on antitrust grounds, and Spirit\u2019s restructuring plan-aimed at exiting bankruptcy through a Chapter 11 process by summer-has reportedly met resistance from lenders who say it does not adequately reflect sustained high fuel costs. Spirit\u2019s turnaround assumptions were further undermined by fuel price increases linked to the Iran war.<\/p>\n<p>President Donald Trump has suggested a more direct government role, at times implying the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/better-than-expected-u-s-economy-added-638000-jobs-in-october-unemployment-dropped-to-6-9\/\" title=\"Better Than Expected: U.S. Economy Added 638,000 Jobs in October, Unemployment Dropped to 6.9%\">federal government<\/a> might buy Spirit or otherwise take ownership, arguing the airline has valuable assets and could be profitable if <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charles-gasparino-putin-played-jerome-powell\/\" title=\"Charles Gasparino: Putin Played Jerome Powell\">oil prices fall<\/a>. With discussions still underway, Spirit\u2019s future depends on whether the parties can reach an agreement and stabilize the airline.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p>A top <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/trump-administration\/\" type=\"post_tag\" id=\"339\">Trump administration<\/a> official said talks over a possible federal rescue of Spirit <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/air-travel\/\" type=\"post_tag\" id=\"160\">Airlines<\/a> are \u201congoing\u201d on Thursday, as the struggling budget carrier faces mounting financial strain and uncertainty about its future.<\/p>\n<p>National Economic Council Director <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-hassett\/\" type=\"post_tag\" id=\"6117\">Kevin Hassett<\/a> confirmed that negotiations are underway between the government, lenders, and other stakeholders.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/4547143\/oxycontin-purdue-pharma-dissolve-settlement\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>OxyContin maker Purdue Pharma set to dissolve after judge approves sentence<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4546770\/musk-altman-terminator-openai-testimony\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Musk warns against \u2018Terminator outcome\u2019 in OpenAI testimony: \u2018It could kill us all\u2019<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4545603\/general-motors-bests-wall-street-expectations-500-million-tariff-refund\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>GM bests Wall Street expectations with incoming $500 million tariff refund<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p>\u201cThose are ongoing negotiations with the Commerce Department and the creditors,\u201d Hassett told reporters at the White House when asked about the possibility of a bailout.<\/p>\n<div class=\"article-paywall\">\n<p>The Trump administration is <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.cato.org\/blog\/potential-spirit-airlines-bailout-already-spreading\" type=\"link\" id=\"https:\/\/www.cato.org\/blog\/potential-spirit-airlines-bailout-already-spreading\">reportedly<\/a> considering a plan that includes a $500 million loan in exchange for the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >federal government receiving warrants equal<\/a> to 90% of Spirit\u2019s equity.<\/p>\n<p>Spirit\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gofundme-aimed-at-paying-off-harry-and-meghans-mortgage-folds-over-lack-of-interest\/\" title=\"GoFundMe Aimed At Paying Off Harry And Meghan\u2019s Mortgage Folds Over Lack Of Interest\">financial troubles<\/a> have deepened over the past two years. The airline filed for bankruptcy twice between 2024 and 2025. <\/p>\n<p>A major blow came when a planned merger with JetBlue Airways was blocked on antitrust grounds during the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/biden-administration\/\" type=\"post_tag\" id=\"445\">Biden administration<\/a> in 2024. The company has not recovered since. <\/p>\n<p>In mid-March, Spirit <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/travel\/4533527\/spirit-airlines-future-uncertain-bankruptcy-pressures-mount\/\">unveiled a plan<\/a> to exit bankruptcy through Chapter 11 restructuring by summer, which included reducing its fleet to fewer than 80 aircraft and cutting debt and lease obligations from roughly $7.4 billion to about $2 billion.<\/p>\n<p>However, that plan has faced resistance from lenders, who argue it fails to adequately account for sustained high fuel costs.<\/p>\n<p>Spirit based its turnaround plan on lower fuel costs, but a surge in fuel prices tied to the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\/\" type=\"post_tag\" id=\"100\">Iran war <\/a>upended those assumptions. <\/p>\n<p>President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" type=\"post_tag\" id=\"4\">Donald Trump<\/a> suggested a more aggressive federal role, floating the idea of outright government ownership.<\/p>\n<p>\u201cWe\u2019re thinking about doing it, helping them out, meaning bailing them out, or buying it,\u201d Trump <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4541709\/spirit-airlines-trump\/\">said<\/a> last week. \u201cI think we\u2019d just buy it.\u201d<\/p>\n<p>He added that the government could step in if the price is right, citing the airline\u2019s underlying assets.<\/p>\n<p>\u201cThey have some good aircraft, some good assets,\u201d Trump said. \u201cAnd when the price of oil goes down, we\u2019ll sell it for a profit.\u201d<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/travel\/4533527\/spirit-airlines-future-uncertain-bankruptcy-pressures-mount\/\"><strong>SPIRIT AIRLINES FUTURE IS UNCERTAIN AS BANKRUPTCY PRESSURES MOUNT<\/strong><\/a><\/p>\n<p>With negotiations still in progress, the fate of Spirit Airlines now hinges on whether the administration, creditors, and the company itself can reach a deal to keep the carrier afloat.<\/p>\n<p>\u201cWe have somebody that wants to run it, do a good job, smart person,\u201d Trump said. \u201cAnd if they run it properly and if prices come down, all of a sudden it\u2019s a valuable asset.\u201d<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump official: Spirit bailout talks \u201congoing,\u201d Hassett says<\/p>\n","protected":false},"author":4195,"featured_media":2597187,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/10\/GettyImages-1760209639.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[78881,78882,45214,3634,35343],"class_list":["post-2597186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-bailout-talks","tag-ongoing-negotiations","tag-spirit-airlines","tag-trump","tag-u-s-politics"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/10\/GettyImages-1760209639.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2597186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2597186"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2597186\/revisions"}],"predecessor-version":[{"id":2597190,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2597186\/revisions\/2597190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2597187"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2597186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2597186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2597186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}