Spirit Airlines seeks US govt deal to avoid collapse

Spirit Airlines is negotiating a potential rescue deal with the U.S. government to avoid liquidation. A lawyer for the bankrupt budget carrier stated the company is in advanced talks on a financing agreement that would allow it to emerge from Chapter 11 protection. The discussions highlight the financial pressures on airlines and the potential for federal intervention under the Trump administration. The outcome of the talks will determine whether the low-cost airline can continue operations.