![](\"https:\/\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/06\/cruz.jpg\")
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Gatestone Institute senior fellow Gordon Chang discusses China\u2019s oil slowdown, sanctions loopholes, and military threats toward Taiwan on \u2018Mornings with Maria.\u2019<\/p>\n
Sen. Ted Cruz, R-Texas, came out full throttle against the Trump administration’s proposed plan to bail out Spirit Airlines on Wednesday.<\/p>\n
Cruz replied to reports that the administration’s plan would see the U.S. government own up to 90% of the airline. President Donald Trump first floated the idea of buying out the airline on Tuesday.<\/p>\n
“This is an absolutely TERRIBLE idea,” Cruz wrote in a statement on X.<\/p>\n
“The TARP corporate bailouts were a huge mistake & the government doesn\u2019t know a damn thing about running a failed budget airline (that the Biden admin killed),” he added.<\/p>\n
BIDEN-SCHUMER-PELOSI WOULD DO MORE DAMAGE IN 2 YEARS THAN OBAMA DID IN 8: TED CRUZ<\/p>\n
Sen. Ted Cruz, R-TX, speaks during a news conference. (Chip Somodevilla\/Getty Images \/ Getty Images)<\/p>\n
Cruz was joined by Sen. Tom Cotton, R-Ark., in pushing back on the plan this week. Cotton argued it was “not the best use of taxpayer dollars.”<\/p>\n
“If Spirit\u2019s creditors or other potential investors don\u2019t think they can run it profitably coming out of its second bankruptcy in under two years, I doubt the US Government can either,” Cotton wrote on X.<\/p>\n
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Trump was interviewed on CNBC’s “Squawk Box” on Tuesday and said, “I don’t mind mergers”, suggesting that could help resolve the issues Spirit faces.<\/p>\n
GOP SENATORS EXPRESS ‘CONCERNS,’ ‘SKEPTICISM’ OVER TRUMP’S SPENDING BILL AFTER MUSK RANT<\/p>\n
President Donald Trump walks toward reporters before answering questions prior to boarding Air Force One. (Win McNamee\/Getty Images \/ Getty Images)<\/p>\n
“You know, Spirit’s in trouble, and 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.<\/p>\n
He went on to draw a distinction between a merger involving Spirit and the reports of a possible merger between United Airlines and American Airlines, saying those companies are “doing very well. I don’t like having them merge.”<\/p>\n
Transportation Secretary Sean Duffy spoke Tuesday at an event on reforms to the nation’s Air Traffic Control system and acknowledged the president’s comments, adding he will look into the matter.<\/p>\n
AMERICAN VICTIMS OF TERRORISM COULD SOON SUE INTERNATIONAL ORGS IF CRUZ’S BILL PASSES<\/p>\n
Spirit Airlines filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. The low-cost carrier first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.<\/p>\n
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta\/South Florida Sun Sentinel\/Tribune News Service via Getty Images \/ Getty Images)<\/p>\n
In late February, Spirit announced a deal that would allow it to exit bankruptcy proceedings by early summer after reaching an agreement with lenders.<\/p>\n
The airline told a bankruptcy court the deal would allow it to emerge as a leaner carrier, focusing on routes and time periods with the strongest demand as well as cutting some of its high-cost aircraft leases and improving the utilization of its remaining fleet.<\/p>\n
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It also planned to expand premium seating options and enhance its loyalty programs to drive repeat business and preserve its low-fare positioning.<\/p>\n
Fox Business’ Eric Revell contributed to this report.<\/p>\n
#Ted #Cruz #slams #Trumps #proposed #Spirit #Airlines #government #bailout #plan<\/p>\n","protected":false},"excerpt":{"rendered":"
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