Spirit Airlines is preparing to shutter operations after a $500 million bailout deal with the Trump administration fell apart, according to a report Friday.
The embattled budget airline has so far been unable to secure enough funding from the government and certain bondholders to keep it in business, the Wall Street Journal reported Friday, citing sources familiar with the matter.
“If we could do it, we’d do it, but only if it’s a good deal,” President Trump told reporters Friday at the White House, saying an announcement could come later Friday or the following day.
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