Spirit floats government stake to avoid possible liquidation, Bloomberg says

Spirit Aviation (FLYYQ) has floated offering the U.S. government an equity stake in the discount carrier to help stave off its potential liquidation, Bloomberg’s Ryan Gould, Siddharth Philip, and Allyson Versprille report, citing people familiar with the matter. The airline is seeking an infusion of cash from the U.S. government during a spike in jet fuel prices, said the people. The proposal comes after the White House brokered a deal last year to become one of the biggest shareholders in Intel (INTC) in a bid to bolster the investment-grade chipmaker’s domestic initiatives, the authors note.