The Trump administration is nearing a deal with Spirit Airlines on a financing package to keep the struggling carrier afloat, with the federal government potentially taking a stake in the company, according to a person familiar with the negotiations.

The U.S. government will lend Spirit as much as $500 million in exchange for warrants to take a potential stake in the carrier, according to WSJ.

President Donald Trump on Thursday said he was looking at options to have Spirit Airlines funded by taxpayers through a federal takeover, in a last minute push to save the bankrupt budget airline. "I think we just buy it,

Spirit Airlines is in advanced bailout discussions with the Trump administration, sources familiar with the negotiations told CBS News. Kris Van Cleave reports.

President Donald Trump’s interest in a multimillion dollar bailout of Spirit Airlines has prompted concern among several Republican lawmakers. Earlier this week, Trump said he would “love somebody to buy Spirit” and floated the idea that “maybe the federal government should help that one out.

Spirit Airlines is reportedly in talks with the U.S. government over a potential bailout as it struggles to exit bankruptcy.

By David Shepardson, Rajesh Kumar Singh and Allison Lampert WASHINGTON, April 22 (Reuters) - The Trump administration is in advanced ⁠talks ⁠about a potential rescue of low-cost carrier Spirit Airlines,

During a CNBC interview on April 21, President Trump for the first time hatched the possibility of an administration-led rescue plan for stricken Spirit Airlines. “Spirit’s in trouble,” declared the POTUS.