# More than 370,000 people pledge $337 million toward a co-op revival of the carrier.

*business · news · 2026-05-09 · Newsmax*

## Key points

- More than 370,000 people have pledged $337 million for a Spirit Airlines co-op revival.
- Pledges collected are nonbinding and no actual funds have been transferred yet.
- SEC crowdfunding rules limit public raises to $5 million, far below the needed $1.75 billion.
- Peterson has met with Spirit's flight attendant union and secured a legal fund for a bid.
- An auction of Spirit's assets is imminent, pressured by major bondholders rejecting a federal bailout.

**Countries:** United States

[Read the full story on Newsmax](https://www.newsmax.com/newsfront/tiktok-content-creator-spirit-airlines/2026/05/09/id/1255754/)

---

Canonical: https://newsio.io/n/e58899e9-4138-4395-a78e-6e643a6902b6/more-than-370000-people-pledge-337-million-toward-a-co-op-revival-of-the-carrier
Summarized by Newsio from Newsmax. https://newsio.io/how-it-works