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Keyword: kushdesai

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  • Trump administration in advanced talks for Spirit Airlines rescue package, source says

    04/22/2026 8:55:14 AM PDT · by DFG · 67 replies
    CNBC ^ | 04/22/2026 | Leslie Josephs
    The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago. “Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues...