""We could buy Spirit Airlines," Hunter Peterson said, expressing excitement about the potential for everyday people to come together and purchase the airline before private equity intervenes."
""Private equity is already circling the wreckage. But before they lock it up, there is a narrow window for something that has never happened in commercial aviation," Peterson stated on the Spirit 2.0 website."
""No billionaire can move the team. No hedge fund can gut it for parts," Peterson wrote, comparing the community ownership model to that of the Green Bay Packers."
""The people can own it," reads a banner on the Spirit 2.0 website, emphasizing the grassroots nature of the movement to save the airline."
Hunter Peterson is leading a movement called Spirit 2.0 to purchase Spirit Airlines after its shutdown. He encourages former employees and passengers to unite for this cause. Peterson's initiative aims to prevent private equity from taking over the airline. He has received over $2.8 million in non-binding pledges from more than 36,000 supporters. The model draws inspiration from the Green Bay Packers, promoting community ownership instead of billionaire control. The Spirit 2.0 website has gained significant attention, reflecting public interest in this unprecedented aviation ownership concept.
Read at www.businessinsider.com
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