As the Trump administration weighs a potential rescue of Spirit Airlines from bankruptcy that would have the government own 90% of the company, numerous analysts have noticed a similar pattern across other industries and have raised concerns about it, according to a new report.
Spirit said in court this week that it is in advanced talks with the U.S. government over a financing package of roughly $500 million. However, this deal could open a "Pandora's box," according to Tad DeHaven, a policy analyst at the Cato Institute. Speaking to NBC News, DeHaven pointed out that numerous equity-sharing agreements have been made in recent years with companies like NVIDIA, Intel, MP Materials, and Westinghouse, among others.
