The Trump administration is reportedly working on a deal to provide Spirit Airlines with up to $500 million in government-backed financing, in exchange for warrants that could give the U.S. government a significant ownership stake in the carrier. Folks, I’ve got one word to describe this: illegal.
This comes just a day after Transportation Secretary Sean Duffy appeared to downplay the idea of major airline consolidation, suggesting that changes in the industry should still align with antitrust principles.
On the one hand, the administration is signaling caution about mergers. On the other hand, it appears increasingly willing to step in directly to keep a failing airline alive thanks to an apparent edict by Trump himself.
A great solo travel tip spotted this week on Live and Let's Fly.
