Donald Trump says Spirit Airlines was given a final bailout proposal amid reports the carrier plans to shut down.

Spirit Airlines received a final bailout proposal from the U.S. as President Donald Trump says the administration is "driving a tough deal" to aid the beleaguered carrier.

WASHINGTON (AP) — President Donald Trump on Friday said he’s still weighing a taxpayer-funded takeover of Spirit Airlines. The president didn’t offer details about the proposal but told reporters as he prepared to leave the White House for a trip to Florida that he would have an announcement on the matter Friday or Saturday.

The troubled budget airline is reportedly on the verge of shutting down.

Donald Trump has suggested the US government may bail out Spirit Airlines, which is mired in bankruptcy proceedings for the second time in under two years, as frustrated passengers demand refunds

President Donald Trump said Thursday that he would consider purchasing the embattled Spirit Airlines “if we can get it at the right price.”