Bloomberg reports that Spirit Aviation Holdings has floated offering the U.S. government an equity stake in Spirit Airlines to help avoid potential liquidation as the carrier seeks cash during a spike in jet fuel prices tied to the Middle East conflict.
The report says Transportation Secretary Sean Duffy plans to meet with low-cost airline executives this week, while the Transportation Department is monitoring the situation. Spirit had been poised to exit bankruptcy by summer after restructuring debt, but rising fuel costs have renewed pressure on the airline.
