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Spirit Airlines on the Brink: A Potential $500 Million Bailout
Spirit Airlines, facing a potential collapse due to Covid-19 and soaring jet fuel prices, is on the verge of receiving a $500 million bailout from the Trump administration. The deal would involve the feds taking a stake in the airline, preventing the first major US airline shutdown in over two decades. The bailout could save 25,000 jobs and prevent a nationwide fare increase, but its sparking debate about who deserves government assistance.
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