President Donald Trump said on Friday he delivered a final proposal in an attempt to keep Spirit Airlines from folding. He said an announcement on the result could come soon after the White House made its most recent offer to Spirit and creditors.
“We’re looking at it. If we could do it, we’ll do it. But only if it’s a good deal,” he said earlier Friday, speaking to reporters before departing the White House for Florida. He reiterated he would like to save the 14,000 jobs at the carrier.
Spirit has faced prolonged financial issues. The Florida-based carrier has been in Chapter 11 bankruptcy since last summer and had attempted to restructure earlier this year—which entailed continuing service with streamlined operations.
The failing airline had a bankruptcy court hearing scheduled for Thursday that was postponed.
In August 2025, the carrier had been working on its second Chapter 11 filing in less than a year amid market pressures and creditor disagreements.
“Since emerging from our previous restructuring, which was targeted exclusively on reducing Spirit’s funded debt and raising equity capital, it has become clear that there is much more work to be done and many more tools are available to best position Spirit for the future,” President and CEO Dave Davis said at the time.
Earlier this year, Spirit came to an agreement in principle on a restructuring deal with primary lenders, which would have seen the airline exit from Chapter 11 bankruptcy by early summer.
Rising fuel prices spiked and undermined the plan. Trump had suggested a taxpayer-funded takeover was possible in late April, saying he wanted to provide direct government intervention to maintain jobs and the carrier itself.
“I’d love to be able to save those jobs. I’d love to be able to save an airline,” Trump said April 23 in the Oval Office.
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