The US government may hold a 90% stake in Spirit Airlines as part of a $500 million rescue plan.
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This not-yet-finalized agreement will provide up to $500 million in financing in exchange for warrants to purchase up to 90% of the shares in the new entity. After the news broke, the share price of a certain exchange surged, with a gain of up to 57%. This government aid is expected to help the company avoid a potential liquidation fate.
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