JetBlue to Buy Spirit Airlines for $3.8 Billion
Photo Credit: JetBlue's acquisition of Spirit would create the fifth-largest carrier in the U.S. Flickr / vic_206
Skift Take
It's taken JetBlue four attempts to buy Spirit. Now it's crossed the line in a deal that's worth $3.8 billion, as long as it doesn't raise any antitrust red flags in Washington, D.C.
It's the end of the saga, as JetBlue Airways has now finalized a deal to buy Spirit Airlines for $3.8 billion, just hours after the airline pulled the plug on a merger agreement with Frontier Airlines.
It first made a counterbid on April 5. Almost four months later, and with four revised bids, JetBlue confirmed the deal on Thursday.
Its acquisition of Spirit would create the U.S.’s fifth-largest carrier, with a fleet of 458 aircraft and an order book of over 300 Airbus aircraft.
"In the end, JetBlue won the battle. But the story might not be over yet. The merger re
