The Trump administration is reportedly close to a deal that would lend Spirit Airlines $500 million and grant the federal government warrants to purchase up to 90% of the carrier once it emerges from bankruptcy. Sen. Bernie Sanders (I-VT) couldn’t have dreamed it up any better.
The United States government may soon be in the airline business, as the majority owner of a discount carrier that hasn’t posted a profit since 2019 and is projecting a $200 million loss this year. Tad DeHaven of the Cato Institute told Axios that he already has a name for it: “the Amtrak of the skies.”
The irony is, this is entirely a mess of the Biden administration’s making, and the straight line from their regulatory triumphalism to this potential nationalization is short and damning.
NOW BOARDING GOVERNMENT AIRLINES
In March 2023, the Biden Justice Department and several states sued to block JetBlue’s proposed $3.8
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!