Explore the latest developments concerning $214 million pledged.
$214 million pledged to save Spirit Airlines
Spirit Airlines was the budget-friendly carrier America loved to hate. But now that it’s out of business, a viral crowdfunding campaign is attempting to resurrect the bankrupt airline.
Once Hunter Peterson heard Spirit would close on May 2 — after attempts to merge with other airlines or get a lifeline from the federal government — the 22-year-old voice actor and content creator posted on social media that day with an idea to revive the airline.
If a fifth of Americans each pitched in $45, (the equivalent of a cheap Spirit flight) “we could buy Spirit Airlines,” he said.
His initial pitch was to run the airline like the Green Bay Packers, the only publicly owned team in the NFL. It has more than 5 million shares split among more than 530,000 owners. His joke, however, became a call to action. Peterson is not taking actual cash, but he has rallied $337 million in pledges from more than 370,000 verified people, his website says.
Inside the Totally Far-Fetched Grassroots Campaign to Buy Spirit Airlines for the People
Inside the totally far-fetched grassroots campaign to revive the bankrupt Spirit Airlines for the people
Farewell, then, Spirit Airlines. After 34 years, two bankruptcy filings, tens of thousands of dollars in fines for deceptive fare advertising, and at least one instance of a passenger urinating on the cabin floor after being denied bathroom access, you are no more.
While some will celebrate the collapse of Spirit—you don’t get to be the most complained-about airline in North America across multiple years without making a few enemies—others will be less happy with the news. Approximately 17,000 people are now out of work. Countless passengers have been stranded in airports without their luggage. Last weekend, Reuters called Spirit aviation’s “first Iran war casualty,” which suggests the collapse might be the lead-off domino in a global cascade of airlines going under.
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The viral TikTok $1.75 billion bid to save Spirit Airlines is fighting the wrong villain
On Tuesday, what remains of Spirit Airlines is being picked apart in bankruptcy court. Aircraft lenders are repossessing those bright yellow airplanes while the major U.S. carriers jockey for the rest of the assets, like gates. But some fans of Spirit aren’t ready to give up yet.
Hunter Peterson, a 22-year-old voice actor for video games like Hyrule Warriors, posted a TikTok shortly after Spirit announced it was ceasing operations on Saturday, with a pitch for all of America: “We could buy Spirit Airlines.”There’s 250 million adults in the country. Peterson said if only 20% of them paid $30 to $40 each, that would be enough to save the ultra-budget airline. The video quickly went viral, and by Saturday night, Peterson stood up letsbuyspirit.com, which he said crashed under its own traffic soon after. By Tuesday morning, it claimed $132 million in (nonbinding) pledges from more than 156,000 people, with a target raise of $1.75 billion.
For more detailed information, explore updates concerning $214 million pledged.
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