JetBlue Airways Reaches Deal to Buy Spirit Airlines
JetBlue's surprise, all-cash bid for Spirit in April had thrown Spirit's plan to combine with fellow discounter Frontier into question. For months, Frontier and JetBlue competed for Spirit, each sweetening their offers, until the original merger plan fell apart earlier Wednesday, clearing the way for JetBlue.
Spirit said it planned to continue talks to sell itself to JetBlue after ending the Frontier agreement. JetBlue executives have argued for months that buying Spirit would help it compete with large carriers like
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JetBlue to buy Spirit for $3.8 billion, creating nation's 5th largest airlineJetBlue is buying Spirit Airlines for $3.8 billion, creating the nation's fifth largest airline. It comes after Spirit's attempt to merge with Frontier fell apart.
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With Frontier deal dead, Spirit ponders sale to JetBlueSpirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-lo...
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Spirit, Frontier end merger bid, paving way for JetBlue dealSpirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
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Spirit and Frontier end merger agreement, talks continue with JetBlueFrontier is no longer in talks with Spirit after months of negotiations to try and merge, which now puts the focus squarely on JetBlue Airways and a possible acquisition by Spirit.
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Spirit Airlines shareholders to vote on much-delayed merger with Frontier or JetBlueSpirit Airlines shareholders could pick a preferred buyer for their airline today, when they are scheduled to vote on one of the offers for the budget carrier. If shareholders reject the Frontier bid it would push for an agreement with JetBlue Airways.
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Spirit, Frontier abandon merger bid, paving way for JetBlue dealThe Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.
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