US DoT Secretary: Government funding to US LCCs is 'not necessary'
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Background ✨
Association of Value Airlines confirmed it met US Department of Transportation Secretary Sean Duffy and asked the US Government to consider a USD2.5 billion liquidity pool to offset incremental fuel costs, potentially with warrants issued to taxpayers, citing CARES Act-style precedents1. Secretary Duffy said such funding would require significant government engagement, bipartisan support and congressional involvement1. Separately, Spirit Airlines' lawyer Marshall Huebner said it was in "very advanced discussions" with the US Government on a potential financing package2.