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Old Yesterday | 05:50 AM
  #93  
Hedley
Gets Weekends Off
 
Joined: Aug 2020
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Originally Posted by RiddleEagle18
The US government tapped law firm Kirkland & Ellis to advise on a possible rescue deal for Spirit Aviation Holdings Inc., according to people familiar with the matter.

Kirkland is assisting the government in shaping a potential financing package for the budget airline, which has been in Chapter 11 bankruptcy since August, said the people, who asked not to be named because the information is private.
The real issue is that this is being evaluated on the political pros and cons leading up to the midterm elections and not on any measure of fiscal responsibility. From a business perspective, Spirit is a fiscal train wreck with an extremely small percentage of the market share. There’s really no legal argument such as national defense or protecting federal infrastructure to justify this. If they think that they can get political points out of this they will make every attempt. Nothing will change, this is just kicking the can down the road until after the elections. Just another example of politicians adding to the huge federal deficit for nothing more than potential political gain.
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