Spirit Airlines' lawyer Marshall Huebner told a New York bankruptcy court the airline is in advanced talks with the Trump administration for financing.
Reports indicate the government may provide roughly $500 million in loan financing, convertible to a longer‑term loan post‑bankruptcy.
The package includes warrants that could give the U.S. government up to a 90% equity stake in Spirit.
The financing aims to fully capitalize Spirit, enabling it to emerge as a strong low‑cost competitor.