The proposed Spirit rescue is no longer just about one failing airline. Budget carriers are now pitching a $2.5 billion taxpayer relief program that could leave the government owning stakes across the low-cost sector, turning a dubious bailout into a much bigger attempt to socialize losses across an industry that has not solved its underlying problems.
Now Budget Airlines Want A $2.5 Billion Taxpayer Bailout — With Government Ownership Across The Industry