Washington – President Donald Trump said Friday that the White House had given Spirit Airlines and its creditors a final proposal to try to rescue the bankrupt airline, even as the low-cost carrier prepared to close its doors without a last-minute deal.
‘We are analyzing Spirit. If we can help them, we will, but we have to come first,’ Trump told reporters. ‘If we can do it, we will, but only if it’s a good deal.’
Also read:
Trump added that he expected an announcement later on Friday.
Four people familiar with the matter confirmed a Wall Street Journal report that Spirit is preparing to cease operations after reaching an impasse in negotiations with some creditors over a $500 million government bailout plan.
Some rival airlines believe Spirit could cease operations as early as this Friday, according to two other sources.
Continues after advertising
A company spokesperson declined to comment on ongoing discussions and said Spirit is operating normally.
