Shuttle Diplomacy

The various costs related to the Iran war just had a midair collision with another affordability issue. Spirit Airlines nears deal with Trump administration for $500 million rescue package. “The deal, which has not yet been finalized, would offer $500 million to the discount airline, according to a person familiar with the matter. It would give the airline additional liquidity as it works toward emerging from bankruptcy and grapples with elevated fuel costs due to the war with Iran … After Spirit emerges from bankruptcy, the U.S. government could own up to 90% of the airline.” (For some reason, this reminds me of the Trump Shuttle: An airline that lasted less than three years before defaulting on its debt and going bust.)