Spirit Aviation Holdings Inc. proposed offering an equity stake to the U.S. government for a cash infusion amid soaring jet fuel prices.
The airline seeks the bailout to avoid potential liquidation as jet fuel costs surge due to the Middle East conflict.
The plan mirrors the White House’s prior large‑shareholder deal with Intel and could encounter resistance from competing carriers.
Transportation Secretary Sean Duffy will meet low‑cost airline CEOs this week to discuss their operational challenges amid rising fuel prices.