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 people familiar with the matter.
The deal could include $500 million in financing from the government, which could provide a path to give the government an equity stake in the carrier, said the people, who requested anonymity because they were not authorized to discuss the talks. The senior financing would put the government ahead of other stakeholders in the airline, one of the people said.
The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago.
Within hours of them being issued, the DOJ has retracted subpoenas issued in the investigation of Russia interfering in elections which includes examining ex-CIS director John Brennan and others. read more
The last time I filled-up was April 9th and I paid $5.399 for regular at our local COSTCO. According to their app, if I were to fill-up today, it would cost $5.359.
For the record, I live in Southern California, and at the name brand stations, like Chevron, the gas there is over $6 a gallon.
OCU