Spirit Airlines could be used to transport troops, military cargo if Trump admin takes over bankrupt carrier: report

The White House is reportedly considering a plan to take over Spirit Airlines and use part of the bankrupt carrier’s fleet for military missions. Under the proposal, President Trump would invoke the Defense Production Act to loan Spirit Airlines money for national defense purposes, CBS News reported on Friday. The Pentagon would then use the budget airline’s “excess capacity for transporting troops, military cargo or other missions,” the outlet said, citing sources. Spirit’s creditors would need to sign off on the strategy. The company, known for its bright-yellow planes and low-cost fares, has declared bankruptcy twice in the past two...