India, May 1 -- Donald Trump recently announced that his administration has put forward a final bailout proposal for Spirit Airlines Inc. (SAVE), which is at risk of going out of business without immediate financial help.
The suggested rescue plan includes a $500 million government loan that could allow federal authorities to take up to a 90 percent stake in the airline, according to insiders familiar with the talks. Still, they haven't reached an agreement with bondholders yet.
During a press conference at the White House, Trump mentioned that the administration is ready to step in, but only if a practical deal can be quickly sorted out. "We'd like to save the jobs," he said, adding that a decision could be made very soon.
Spirit Airlin...