President Donald Trump floated the idea of the White House purchasing struggling flight operator Spirit Aviation Holdings Inc. (OTC:FLYYQ) on Thursday, suggesting that it can be sold for a profit later.
‘I Think We Just Buy It,’ Says Trump
During a press briefing, Trump was asked about a possible bailout for Spirit. “I think we just buy it,” Trump said, sharing that the administration wanted to help the 18,000 employees who worked at Spirit and “save” those jobs. “We’d be getting it virtually debt-free,” he added. Trump also hailed the airline’s aircraft fleet and other assets. “When the price of oil goes down, we’ll sell it for a profit,” he said.
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