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Ted Cruz: “The federal government would own 90% of [Spirit Airlines] in…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Published | Video Starts at 01:46

Yeah. So this last week, there was considerable discussion about the Trump administration potentially bailing out Spirit Airlines. And the bailout that was being discussed was The federal government would own 90% of [Spirit Airlines] in exchange for [the bailout]. that, the federal government would own 90% of the airline. And there were differences of opinions within the administration on that. So the secretary of Transportation, Sean Duffy, was vocally arguing against that, saying, that's a idea. (01:46–01:50)

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Asserts that the federal government would own 90% of Spirit Airlines in exchange for the bailout.

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