The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.

Cash-strapped Spirit Airlines appeared closer to a shutdown after Friday came and went without a needed government bailout

Spirit Airlines is reportedly preparing to shut down after bailout talks failed. Travelers may be able to get refunds.

Spirit Airlines is shutting down as a business after failing to secure a $500m (£368m) bailout from the Trump administration. The budget airline was in talks with the US government about a rescue deal which would have saved it from collapse.

President Donald Trump on Friday said he’s still weighing a taxpayer-funded takeover of Spirit Airlines. The president didn’t offer details about the proposal but told reporters as he prepared to leave the White House for a trip to Florida that he would have an announcement on the matter Friday or Saturday.

Spirit Airlines has announced it is going out of business after 34 years. The ultra-low-cost airline, known for its bright yellow planes and deep discount fares, said Saturday that it has

President Donald Trump on Friday said an announcement regarding beleaguered carrier Spirit Airlines was imminent after the administration, which wants a stake in the company, gave the company “a final proposal.

President Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit Airlines “but only if it’s a good deal” for the government