US takes a stake in Spirit Airlines by May 31?
Resolved1as of
This hub tracks 1 outcomes of this event, with the news signals that move them.
What are the odds right now?
Each outcome shows its current market price — the market-implied probability it happens. Click an outcome for its full market page.
What moved the odds?
26 AI-matched news signals available across this event, newest first. Entry price is the called side when the news hit; the signed return marks it against the outcome’s final price as of .
Fitch Ratings: Spirit Airlines’ Shutdown Has Limited Credit Impact on US Airports
Spirit blamed fuel costs as the reason its restructuring plan was no longer feasible
The World's Highest-Flying Repo Men Are Collecting Spirit Airlines' Jets -- WSJ
Fitch Affirms and Withdraws Ratings on Spirit Airlines; Places Eetcs on RWN
Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
A lawyer for Spirit Airlines stated that escalating jet fuel prices prevented the airline from avoiding bankruptcy and necessitated its closure. • • More Here →
A lawyer for Spirit is speaking at length about its suspension of operations and says Spirit transported 50,000 passengers Friday
Spirit shutdown sparks travel chaos ahead of summer surge | @MorningsMaria @FoxBusiness
(Bloomberg) -- Spirit Aviation Holdings Inc. said Wednesday that talks with creditors over a $500 million US government rescue loan are continuing and postponed a court hearing related to the financing.
NEW from @CBSNews: Spirit Airlines has only enough available cash to continue operations for a matter of days, not weeks. • Citadel submitted a counterproposal to Trump admin plan, but it was rejected by the govt. Two other creditors — Ares Management Corp. and Cyrus Capital — are also opposed to the govt plan, sources told @krisvancleave and me. •
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Over-the-Counter Shares of Spirit Aviation Drop 21.8% to $1.35 After Report Spirit Airlines’ Talks on $500 Mln U.S. Rescue Financing Stall
Most Republicans absolutely hate the proposed bailout of Spirit • Thune: "A really bad idea. I don’t think you want the government owning airlines" • Cruz: "A terrible idea; corporate bailouts are a mistake" • Tillis: “It’s horseshit" • Hawley: “not my favorite thing" • Murkowski: “Why Spirit above everybody else?" • Kennedy: “Lutnick is giving the president incredibly bad advice" • Nehls: "next thing you know, we’ll be bailing out football teams. I’m not a big fan" • Massie: “rewarding failure" • Moran: “We don’t want to lose a carrier. But it just philosophically troubles me about this endeavor to put money into a private corporation" • • A White House official said the criticism is “premature” since “the Trump administration has not released any concrete plan on potential federal assistance for Spirit Airlines.”
‘Horsesh*t’: Hill Republicans align against Spirit’s bid for a Trump bailout
Spirit and other US low-cost airlines are seeking government bailouts due to weak demand and soaring fuel prices.
Five US airlines ask Trump for $2.5 billion in compensation The unprecedented increase in jet fuel prices in the United States to more than $1.4 per gallon has caused heavy losses for American airlines. The losses have prompted a coalition of airlines called Value Airlines to request $2.5 billion in emergency aid from the government. The alliance includes five low-cost airlines: Spirit Airlines, Frontier Airlines, Avalo Airlines, Allegiant Air, and Sun Country Airlines. The coalition, which has seen jet fuel prices increase by about 100 percent since February of this year, said in a statement that the $2.5 billion request is a necessary measure to keep tickets affordable during this period of instability. In response to this request, a White House spokesperson said that the administration is aware of this action but declined to comment definitively on the possibility of this request being implemented. Get the latest news: Site | Ita | Yes | Rubika | Soroush Plus @snntv
Spirit Airlines has won the backing of two of its three major creditor groupings needed to secure a $500 million bailout. • • More Here →
SCOOP: The Trump administration is in talks with other budget airlines about a combined $2.5 BILLION lifeline. Frontier and Avelo are among the airlines who recently made this pitch to Trump admin officials. • • That detailed proposal has been brought to the White House and comes as the admin is nearing an up to $500 million lifeline with Spirit Airlines • • Team effort w/ @alyrose and @JDeanSeal •
Spirit Airlines could be used to transport troops, military cargo if Trump admin takes over bankrupt carrier: report
The Trump Administration is considering using the Defense Production Act as part of a strategy to save the beleaguered Spirit Airlines, who has declared bankruptcy for the second time in two years as the Iran War drives up jet fuel costs for all domestic and international airlines, according to U.S. officials familiar with the discussions who spoke to CBS News. • • Under the bailout plan being discussed, the government would lend Spirit $500 million at a reasonable rate interest, and become the top debtor in the bankruptcy pecking order. The loan would be protected by Spirit assets that would exceed the government's costs, while providing taxpayers with a warrant - the right to own 90% of the company after it emerges from bankruptcy, then likely being sold to another carrier, potentially American or Delta.
US mulls using Defense Production Act in Spirit Airlines takeover, CBS News reports
White House close to deal of up to $500m to rescue ailing Spirit Airlines
Spirit Airlines nears deal to be rescued after Trump urges someone to buy bankrupt airline
Trump Administration in Talks for Potential Rescue of Bankrupt Spirit Airlines -- Sources
US govt would sit at the top of Spirit’s creaky capital stack. Creditors are not going to be happy. • • Also likely unhappy is Transportation Sec. Duffy, who called Spirit “good money after bad”
What is this event about?
This market will resolve to “Yes” if the U.S. federal government takes a stake in Spirit Airlines, or any of its parent or subsidiary companies, by May 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.
Takes a stake refers to the U.S. federal government acquiring direct equity ownership, voting shares, convertible rights treated as equity, or equivalent ownership interests in the listed company or of a legal vehicle that primarily owns the listed company. Stakes acquired through independent entities entirely controlled or owned by the U.S. federal government (e.g. a sovereign wealth fund, state-owned enterprise, etc.) will count. Non-equity financial instruments or stakes acquired by private persons or entities not owned or controlled by the US federal government will not count; acquisitions by states, pensions, index or mutual funds, or consortia will not qualify.
An official US federal government announcement of a completed qualifying acquisition, or of a binding agreement to complete a qualifying acquisition, within this market’s timeframe will be sufficient to resolve this market to “Yes”. Speculation, suggestions, plans, or other announcements which do not announce a completed acquisition or a binding acquisition agreement, however, will not count.
The resolution source for this market will be official information from the US federal government and a consensus of credible reporting.