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Spirit Airlines Takeover

Follow our airline news for complete coverage and analysis of the competing efforts by Frontier Airlines and JetBlue Airways to buy Spirit Airlines.

News Blog

Fourth Delay to Spirit Airlines Merger Vote Following Frontier Concerns

Spirit Airlines has delayed — for a fourth time — a key shareholder vote on its proposed merger with Frontier Airlines, and by extension a hostile offer from JetBlue Airways. The vote will now occur on July 27, nearly two-weeks later than the current July 15 date. Frontier CEO Barry Biffle asked Spirit to delay…

Edward Russell | 2 years ago

News Blog

Frontier Airlines CEO Concerned With Lack of Support for Spirit Deal

Frontier Airlines CEO Barry Biffle wants to make a deal for Spirit Airlines. But, in a letter sent to the CEO of Spirit Sunday, is concerned about the lack of support from both Spirit management and its shareholders. "We still remain very far from obtaining approval from Spirit stockholders," Biffle said in his letter to…

Edward Russell | 2 years ago

Airlines

Spirit Delays Merger Vote a Third Time Suggesting JetBlue Inroads

Is the third time the charm for JetBlue's takeover of Spirit?

Edward Russell | 2 years ago

Spirit Delays Merger Vote a Third Time Suggesting JetBlue Inroads

Airline Weekly

The Courtship of Spirit Airlines

For those who hoped we'd have a resolution to the Spirit Airlines merger saga this week: no dice.

2 years ago
The Courtship of Spirit Airlines

News Blog

Spirit Airlines Delays Vote Again to Continue Merger Talks

For all who hoped for some resolution to the months-long saga over the future of Spirit Airlines on June 30, no go. The carrier has postponed a shareholder vote on a merger with Frontier Airlines to July 8. Spirit will immediately open and close the June 30 meeting with no vote in order for its…

Edward Russell | 2 years ago

News Blog

JetBlue Ups Breakup Fee in Spirit Airlines Bidding War Move

JetBlue Airways is not done yet trying to acquire Spirit Airlines. With just three days until shareholders vote, the New York-based carrier has upped its offer again, raising its reverse breakup fee to $400 million to beat rival bidder Frontier Airlines. JetBlue's latest offer — its fourth for Spirit — also includes a prepayment of…

Edward Russell | 2 years ago

Airlines

Frontier Ups Offer for Spirit Airlines, Matches JetBlue Reverse Break-Up Fee

The race to create the country's fifth-largest airline is getting hotter as both Frontier and JetBlue continue to up their bid for Spirit Airlines. After Frontier's latest move, will JetBlue come up with something before the shareholders vote on June 30?

David Shepardson, Rajesh Kumar Singh, Akash Sriram and Jaiveer Singh Shekhawat, Reuters | 2 years ago

Frontier Ups Offer for Spirit Airlines, Matches JetBlue Reverse Break-Up Fee

News Blog

JetBlue Ups Offer for Spirit Airlines Again, Now Totaling $3.7 Billion

With the likelihood improving of a successful bid for Spirit Airlines, JetBlue Airways has raised its offer for the discounter a second time in as many weeks. The New York-based airline is now offering Spirit shareholders $33.50 per share, or a total of $3.7 billion, JetBlue said Monday. That is a $2 per share improvement…

Edward Russell | 2 years ago

News Blog

Spirit Airlines Is ‘Engaging’ With JetBlue Over Its Improved Offer

Days after J.P. Morgan published a report stating the likelihood of a merger between Spirit Airlines and JetBlue Airways was improving, Spirit has said its board of directors was “engaging in discussions” with JetBlue following its improved offer. The board was also continuing to work with Frontier under the terms of the existing merger agreement…

Matthew Parsons | 2 years ago

News Blog

JetBlue-Spirit Merger Chances Improving: Analyst

A new report from J.P. Morgan analyst Jamie Baker sees the likelihood of a merger between JetBlue Airways and Spirit Airlines improving. The comments come days after JetBlue improved its offer for Spirit by more than $150 million, and the latter delayed a key shareholder vote on a merger — either with Frontier Airlines or…

Edward Russell | 2 years ago