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Spirit is skeptical, saying Frontier’s offer is less beneficial than its own bankruptcy exit plan. Frontier previously lost a 2022 bidding war for Spirit to JetBlue, but that deal was blocked.
In 2022, Spirit shareholders rejected an earlier $2.7 billion merger deal with Frontier in favor of a higher offer from JetBlue, which later collapsed due to antitrust concerns, CNN reported.
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than ...
In today’s filing, Spirit dismissed Frontier’s offer, and expressed its intention to emerge from bankruptcy proceedings by Q1 2025. Frontier Group Holdings, Inc., the parent organization of ...
Spirit Airlines has rejected a bid to merge with low-cost rival Frontier Airlines. But Frontier, which proposed merging with Spirit in 2022, says it’s ready to continue discussions.
Frontier’s first attempt to merge with Spirit was in 2022, but it was outbid by JetBlue. However, the Justice Department sued to block JetBlue’s $3.8 billion proposal, saying that it would ...
Spirit Airlines is launching a new route connecting Fort Lauderdale to Key West, while Frontier Airlines is adding service to ...
Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.
Spirit Airlines said Wednesday it has rejected a bid from rival Frontier Group as it was not favorable for the low-cost carrier and expects to exit bankruptcy in the first quarter.