The White House is considering a plan to take over Spirit Airlines and use part of the bankrupt carrier's fleet for military missions. The move would involve invoking the Defense Production Act to loan Spirit Airlines money for national defense purposes. The Pentagon would then use the airline's excess capacity for transporting troops, military cargo or other missions. Spirit Airlines, known for its low-cost planes and low-priced fares, has declared bankruptcy twice in the past two years due to the rising cost of jet fuel prices due to Iran's war. The company's creditors would need to approve the strategy. The Trump administration is reportedly nearing a deal to lend Spirit $500 million in exchange for a stake in the carrier.