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01.05.26 - 19:18
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Trump Says Spirit Airlines Rescue Still In Review, Final Proposal Coming (ZeroHedge)
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Trump Says Spirit Airlines Rescue Still In Review, Final Proposal Coming
Summary:
Trump says Spirit received the final proposal for the lifeline deal
WSJ reported that bankrupt Spirit Airlines was preparing to shutter operations
President Trump comments on Spirit Airlines:
TRUMP: GAVE SPIRIT FINAL PROPOSAL
TRUMP SAYS US STILL LOOKING AT SPIRIT, WILL GIVE FINAL PROPOSAL
TRUMP SAYS TRYING TO HELP SPIRIT, CITING JOBS
TRUMP SAYS WILL HAVE SOMETHING ON SPIRIT TODAY OR TOMORROW
WSJ Reports Spirit Airlines Prepares To Shutter Operations
The Wall Street Journal reports that bankrupt Spirit Airlines is preparing to wind down operations after failing to secure a $500 million lifeline from the Trump administration.
WSJ reports:
The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before running out of cash. The discount carrier hasn't been able to get sufficient support between certain bondholders and the government to s...
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01.05.26 - 18:00
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Spirit Airlines prepares to cease operations amid financial struggles and high oil prices (The Guardian)
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Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costsSign up for the Breaking News US email to get newsletter alerts in your inboxSpirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall.The company struggled to make a deal with its creditors and secure funding to maintain operations, according to a Wall Street Journal report citing people familiar with the matter. Continue reading......
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01.05.26 - 08:31
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Government hikes jet fuel prices by 5% for international airlines (Times of India)
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Government has raised Aviation Turbine Fuel prices for international airlines by 5.33%, marking the second consecutive monthly increase due to the global energy crisis. This adjustment means foreign carriers will now pay market-linked rates for ATF. Domestic airlines, however, will continue to see moderated prices, with no change in their rates....
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01.05.26 - 08:18
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How LNG interests are seeking to disrupt global talks on decarbonising shipping (The Guardian)
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Observers say pressure on IMO negotiations appears to be linked to countries that have invested heavily in gasAbout a fifth of the world's oil and liquefied natural gas (LNG) passed through the strait of Hormuz, a strip of sea less than 30 miles wide at its narrowest point, before it was in effect closed by the US-Israeli attack on Iran, which sent the price of oil soaring and left an estimated 20,000 seafarers on 2,000 vessels stranded.Their plight has shone a spotlight on the complex and dirty relationship between shipping and the fossil fuel industry. The sector is one of the most polluting, with most ship engines fuelled by what has been called the dregs of the oil refining process, heavy and carbon-intensive diesel too filthy for any other purpose. Shipping produces about 3% of global greenhouse gases, a portion set to rise as trade globalises further. Continue reading......
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