Black Entrepreneur Seeks to Acquire Spirit Airlines as U.S.’s First Black-Owned Commercial Airline

In a historic move, 29-year-old entrepreneur Hashim Walters of New Orleans has launched The Latimer Group, a consortium focused on acquiring Spirit Airlines and making it the first Black-owned commercial airline in the United States. Walters’ vision aims to empower African American communities economically and foster representation within the aviation industry.

Walters, known for his commitment to excellence, is bringing together influential Black leaders from various sectors to pool their collective resources. His goal is to not only rescue Spirit from its financial struggles but to leave a lasting legacy of Black ownership in America’s transportation sector.

As he states, “It’s time for us to own companies and set an example of moral leadership that benefits everyone in society.”

Founded in 1983 as Charter One, Spirit Airlines has become one of North America’s largest ultra-low-cost carriers. Known for its budget-friendly fares and distinctive yellow planes, the airline has faced operational and financial challenges, including delays, cancellations, and a failed merger attempt with JetBlue in 2022.

As of 2025, Spirit is undergoing a restructuring to stabilize its finances.

Walters’ bid comes at a pivotal moment. Spirit has rejected multiple takeover offers, including a recent US$400 million proposal from Frontier Airlines, opting instead to focus on its restructuring. However, Walters’ plan is in line with broader efforts to increase diversity in the aviation industry.

Although Spirit is not currently Black-owned, an acquisition by The Latimer Group would be a groundbreaking shift in ownership dynamics.

While the U.S. lacks major Black-owned commercial airlines, smaller ventures like JetSuite Airlines and Solair Aviation show potential for growth and inclusion.

Walters’ ambitious acquisition plan is more than just a business venture – it’s a call for greater economic empowerment and representation. If successful, this move would not only revitalize Spirit Airlines but also inspire future generations of Black entrepreneurs to reach for new heights.

As the aviation industry evolves, initiatives like The Latimer Group’s bid underscore the transformative power of ownership and the importance of diversity in shaping the future of aviation.