In this The Post Millennial article, Hayden Cunningham reports that a TikTok creator’s joke-like crowdfunding pitch to buy Spirit Airlines has quickly turned into a viral campaign drawing hundreds of millions of dollars in pledged interest.
- TikTok creator Hunter Peterson launched a crowdfunding-style campaign after Spirit Airlines reportedly announced it was shutting down operations.
- Peterson’s viral video, which has drawn more than 7 million views, proposed buying Spirit Airlines and recreating it as a publicly owned airline.
- He described the idea as “nationalizing” Spirit in a people-owned model, joking that supporters could “buy an airline.”
- Peterson later created letsbuyspiritair.com, where users can submit non-binding pledges toward a potential acquisition.
- As of May 9, the campaign had reportedly drawn more than $337 million in pledges from 371,552 participants.
- The average pledge was listed at $907, while the campaign’s stated goal is $1.75 billion.
- The article notes that these pledges are not actual payments, but expressions of interest from supporters.
- The proposal draws inspiration from the Green Bay Packers’ public ownership model.
- Spirit Airlines reportedly said it would issue refunds for unused booked flights after failed restructuring efforts and lack of additional funding.
Read the full story: https://thepostmillennial.com/get-in-losers-were-gonna-buy-an-airline-creator-launches-crowdfunding-campaign-to-buy-spirit-airlines
