With two days to go until stockholders decide, the Board of Directors of Spirit Airlines has – once again – reaffirmed its commitment to the merger agreement with Frontier Airlines. It rates this offer superior to that of JetBlue, even as the New York-based airline...
The battle for Spirit Airlines continues. Today, the Spirit Board of Directors has urged stockholders to reject the latest tender offer that JetBlue made on Monday. Spirit is even accusing its rival of making inaccurate statements. Spirit Board once again rejects...
Spirit Airlines is not convinced yet that the unsolicited offer of JetBlue ‘constitutes a superior proposal’ compared to that of Frontier Airlines, but it could be. It is open to engaging in discussions with JetBlue, Spirit says in a short media statement that was...
Yesterday’s news about another wave of US airline consolidation got us to think about what the patterns look like. Here is a model starting in the year 2000 through the most recent 2021 data (July). The model confirms that the ULCCs are growing across the...
Thai AirAsia’s parent company, Asia Aviation (AAV), has secured board approval to raise 14 billion baht, following its 20 October announcement that it plans to raise funds by issuing convertible bonds and new shares to both new and existing shareholders. The approval...
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