Spirit Airlines Shut Down—Then A Fan's 'Packers-Style' Buyout Plan Drew $88 Million In Pledges
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Spirit Airlines has ceased operations, prompting a fan-led crowdfunding initiative to buy the airline, amassing over $88 million in pledges. The campaign, inspired by the Green Bay Packers' ownership model, aims to prevent hedge fund involvement. The initiative, dubbed "Spirit 2.0," allows fans to become shareholders with a minimum pledge of $45. The airline's closure has sparked political criticism, with Sen. Elizabeth Warren blaming rising fuel prices and Treasury Secretary Scott Bessent attributing issues to the previous administration's actions regarding a merger with JetBlue.
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