Spirit Airlines Rejects Improved JetBlue Bid in Favor of Frontier Merger
Skift Take
Spirit has spoken. Frontier is its preferred partner, even after a sweeter deal from JetBlue.
Spirit Airlines said Monday it will continue to pursue a $2.9 billion merger with Frontier Airlines, turning down the surprise bid from JetBlue Airways because it largely believes the risk to complete that deal was too high.
JetBlue made a $3.6 billion counter-offer on April 5 for Spirit that raised eyebrows in in some aviation circles.
"We do not believe the [Department of Justice] will be persuaded that JetBlue should be allowed to acquire Spirit in an anticompetitive move that would eliminate the largest [discount] carrier," Spirit CEO Ted Christie said in
