Spirit Airlines (NYSE:SAVE) is close to finalizing a U.S. government rescue loan of up to $500 million, per Wall Street Journal.
The Trump administration is negotiating the deal, with the Transportation and Commerce Departments actively participating in the discussions.
In exchange, the government would receive warrants that could enable it to acquire a substantial equity stake in Spirit.
Negotiations remain ongoing; final terms are subject to change and have not yet been finalized by either party.