The Trump administration is in talks to rescue Spirit Airlines.
As WLT Report previously covered, Spirit Airlines, known for its cheap flights and underwhelming hospitality, is in a major financial crisis.
The airline is facing liquidation by its creditors and has sought an emergency bailout from the White House.
Currently, Spirit is in talks with the White House to secure a bailout that would give the U.S. a 90% stake in the struggling airline.
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CNBC reported more on the bailout:
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
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