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Spirit Airlines could shut down as soon as Saturday
Spirit Airlines is making plans to cease operations as soon as Saturday, barring last minute intervention, CBS News has learned.
Negotiations over a $500 million government aid package remained stalled after bondholders balked at the terms.
Trump administration officials have been told Spirit will be shutting down operations in the next 24 hours. There will be no last-minute administration effort regarding a bailout, according to sources familiar with the discussions.
But when President Trump was asked about a bailout for Spirit Airlines Friday, he said, "Well, I guess we're looking at it. If we can do it, we'll do it but only if it's a good deal."
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