Spirit terminates merger with Frontier

Wednesday, 27. July 2022 22:24

Spirit Airlines terminated on Wednesday its merger deal with Frontier Airlines and is set to continue negotiations with JetBlue Airways.

The two airlines had agreed a $6.6 billion merger in February but in April, JetBlue offered to buy Spirit for $3.6 billion, causing it to delay a shareholder vote on the Frontier agreement several times.

Earlier this month, Spirit shareholder Discovery Capital urged the airline to ditch Frontier and accept JetBlue's offer.

Related Links: JetBlue Airways Corp.Spirit Airlines Inc.
Author:
Baha Breaking News (BBN) / NP