The shares of the American low-cost airline Spirit Aviation Holdings Inc. skyrocketed by more than 200% on Wednesday after reports claimed that the Trump administration is involved in talks to potentially rescue the company from liquidation with a financial package that would give the US government the option to own up to 90% of the airline after it exits bankruptcy.
US President Donald Trump previously said that he would "love" for somebody to buy Spirit because the airline is "in trouble," adding that the federal government "should help that one out."
The airline's stock soared by 225% to go for $1.95 per share at 2:19 pm ET.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.