Very Promising News For Spirit Air Atlantic City, NJ Flyers

It appears that United States President Donald Trump may support rescuing Spirit Airlines in just the nick of time.

Spirit Air Federal Bailout?

President Trump told CNBC yesterday that "Maybe the federal government should help that one out,” said President Trump.

Wall Street Journal Is Reporting

A deal that President Trump is considering would lend Spirit Air up to $500 million and in return, the federal government would receive a major ownership stake in Spirit Air.

The Wall Street Journal Further Reported

President Trump met Tuesday night with Commerce Secretary Howard Lutnick and Transportation Secretary Sean Duffy to hash out a deal to keep Spirit Airlines alive, according to people with knowledge of the talks, according to the Wall Street Journal.

President Trump — The Art of the Deal

This is vintage President Trump in action. He would be helping out a vital discount airline that employs more than 14,000 people.

Further, at the same time, President Trump would receive a major benefit on behalf of the taxpayers of America, who would have skin in the Spirit Airlines game going forward.

I Really Like Spirit Air

Harry Hurley photo.

I fully support this potential deal, as it is not a bail out in the traditional sense. The United States government would receive significant ownership … President Trump is the first American president to ever pursue this kind of strategy.

My family has been loyal Spirit Air clients for more than 20 years.

I like the convenience, fair pricing, and customer loyalty programs.

The Federal Government Let Spirit Air Down In The Immediate Past Administration

Spirit Air successfully negotiated multiple mergers that would have saved the airline, however, the previous administration would not approve the mergers.

Hopefully, the federal government will save the day this time.