Spirit offers equity stake in exchange for US government aid, report says
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Spirit Airlines is seeking aid from the U.S. government as it struggles to stay in business. The airline is even willing to give the government an equity stake, according to a new report.Spirit is facing the imminent possibility of running out of cash and being forced to shut down and liquidate assets, as a surge in jet fuel prices since the start of the U.S.-Iran war has imperiled the airline's plans to emerge from bankruptcy this summer and return to profitability. It is not clear whether
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