Why Trump may hand taxpayers a majority stake in a failing airline: 'Everything is a deal'

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• In today’s CEO Daily: Diane Brady on why the government wants to bail out Spirit.
• The big leadership story: More CEO churn
• The markets: Mostly down as oil prices inch higher
• Plus: All the news and watercooler chat from Fortune.

Good morning. Who wants to own an airline? Congratulations, U.S. taxpayer, it looks like you’re about to get a majority stake in Spirit Airlines, a struggling carrier on the precipice of collapse. With the Trump administration nearing a rescue package that could give Spirit up to $500 million in return for warrants that grant the government an equity stake, I reached out to a top airline executive who told me they “have a fiduciary duty to say nothing” before saying “we’re dealing with fuel prices, too.”