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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

Spirit Airlines Delays Merger Vote to June 30

Spirit Airlines shareholders have another 20 days to decide whether they support a merger with Frontier Airlines or prefer a hostile, but potentially more lucrative if it's approved by regulators, takeover by JetBlue Airways. The vote was previously scheduled for Friday, June 10. Florida-based Spirit said Wednesday that the delay to June 30 allowed the…

Edward Russell | 2 years ago

Hotels

Daily Podcast: Hotel CEOs Are Optimistic

Good morning from Skift. It's Tuesday, June 7, in New York City. Here's what you need to know about the business of travel today.

Rashaad Jorden | 2 years ago

Daily Podcast: Hotel CEOs Are Optimistic

Airline Weekly

JetBlue Ups Hostile Offer for Spirit Airlines to $3.4 Billion

JetBlue is raising the ante in its bid for Spirit Airlines in advance of the June 10 shareholders vote on the rival offer from Frontier Airlines. Spirit's board continues to recommend that shareholders vote for the Frontier offer.

2 years ago
JetBlue Ups Hostile Offer for Spirit Airlines to $3.4 Billion

News Blog

JetBlue Sweetens Deal For Spirit Airlines in Proxy War Volley

JetBlue Airways has raised its bid to takeover Spirit Airlines in the latest volley in an escalating proxy war with Frontier Airlines. JetBlue upped its reverse break-up fee on Monday to $350 million — $100 million more than Frontier — and offered to pre-pay $164 million of said fee in its latest offer to Spirit…

Edward Russell | 2 years ago

Airlines

Frontier Sweetens Spirit Deal With $250 Million Break-Up Fee

Keen to secure its $2.9 billion acquisition of Spirit Airlines, Frontier Airlines is determined to not let anything come in its way of creating the fifth-largest U.S. airline. JetBlue, for its part, is waiting in the wings. Over to the regulators.

Anirban Sen and Greg Roumeliotis, Reuters | 2 years ago

Frontier Sweetens Spirit Deal With $250 Million Break-Up Fee

Airline Weekly

Spirit Airlines Board Blasts JetBlue’s Bid as ‘Cynical’

This could get ugly. Spirit's board is coming out swinging against JetBlue's unsolicited merger offer and is urging shareholders to vote against it. Meanwhile, JetBlue claims Spirit's board is marred by conflicts of interest and is not looking out for shareholders by pushing the deal with Frontier.

2 years ago
Spirit Airlines Board Blasts JetBlue’s Bid as ‘Cynical’

Airlines

Daily Podcast: Spirit’s JetBlue Fears

Good morning from Skift. It's Friday, May 6, in New York City. Here's what you need to know about the business of travel today.

Rashaad Jorden | 2 years ago

Daily Podcast: Spirit’s JetBlue Fears

Airlines

Spirit Airlines: JetBlue’s Higher Takeover Bid Is Just Too Risky for Shareholders

Spirit Airlines thinks any potential merger with JetBlue would fall afoul of regulators. The risk just isn't worth it to Spirit, which underscored its commitment to Frontier's initial bid.

Madhu Unnikrishnan | 2 years ago

Spirit Airlines: JetBlue’s Higher Takeover Bid Is Just Too Risky for Shareholders

Airlines

Daily Podcast: Spirit Rejects JetBlue

Good morning from Skift. It's Tuesday, May 3, in New York City. Here's what you need to know about the business of travel today.

Rashaad Jorden | 2 years ago

Daily Podcast: Spirit Rejects JetBlue

Airlines

Spirit Airlines Rejects Improved JetBlue Bid in Favor of Frontier Merger

Spirit has spoken. Frontier is its preferred partner, even after a sweeter deal from JetBlue.

Edward Russell | 2 years ago

Spirit Airlines Rejects Improved JetBlue Bid in Favor of Frontier Merger