President Donald Trump, on Tuesday, floated the idea of federal aid for the struggling carrier Spirit Aviation Holdings Inc. (OTC:FLYYQ).
“I’d love somebody to buy Spirit, it’s 14,000 jobs, and maybe the federal government should help that one out,” the president said in a CNBC interview.
Trump, however, voiced his disapproval of a potential merger between United Airlines Holdings (NASDAQ:UAL) and American Airlines Group (NASDAQ:AAL).
“I don’t like having them merge,” Trump said on Tuesday. His comments were in response to a question about the proposed deal, which has been criticized by Senators from both parties. Trump revealed that he had only recently learned about the merger proposal, but was already against it.
While Trump doesn’t oppose mergers in general, he expressed concern about the consolidation of the aerospace industry, suggesting it leads to less competition and can cause companies to become “lazy.” He also added that both United Airlines and American Airlines are “doing very well.”
Notably, American Airlines dismissed merger …
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