President Donald Trump proposed a taxpayer-funded takeover of Spirit Airlines amid bankruptcy, with a strategy to resell the company after oil prices fall.

Trump referenced Martin Luther King Jr., mused about possibly buying Spirit Airlines and boasted about his ballroom during two White House events.

President Donald Trump is weighing a taxpayer-backed takeover of Spirit Airlines as the low-cost carrier struggles to stay afloat amid a surge in fuel prices. “I think we just buy it,” the Republican president told reporters in the Oval Office on Thursday afternoon.

Sen. Ted Cruz called the Trump administration's proposed Spirit Airlines bailout an "absolutely terrible idea" as the carrier faces bankruptcy.

President Donald Trump confirmed on Thursday that his administration is considering an outright government purchase of Spirit Airlines. Speaking from the Oval Office following a meeting with Israeli and Lebanese officials—where he announced a three-week ceasefire extension—the President suggested the move would protect 18,

President Donald Trump reveals he's considering a government takeover of Spirit Airlines, currently in bankruptcy, to protect jobs and ensure affordable fares. Tad DeHaven, a Cato Institute policy analyst,