The final call is on the regulators, but the fight for Spirit Airlines seems over. After Frontier Airlines’ decision on Wednesday to terminate the merger agreement with Spirit, the ultra-low-cost airline announced on Thursday that the boards of directors of Spirit...
UPDATE – JetBlue CEO Robin Hayes is confident that his airline is closing in on a successful transaction to buy Spirit Airlines. He is happy that JetBlue has finally got a fair chance to review Spirit’s financial information after the Spirit Board has...
UPDATE – JetBlue has made a new offer directly to the shareholders of Spirit Airlines and has called on them to vote against the proposed agreement with Frontier Airlines. Through its wholly-owned subsidiary Sundown Acquisition Corp, JetBlue has submitted an...
Spirit Airlines used a large part of its Q1 earnings call to further clarify why it opposes the unsolicited offer from JetBlue. The offer raised too many red flags and would harm the interests of Spirit’s shareholders, it said on May 5. Spirit Airlines sees too many...
CORRECTION – Spirit Airlines has rejected an enhanced proposal from JetBlue to take over the ultra-low-cost airline. The Spirit Board of Directors isn’t convinced that the original offer JetBlue made on April 5 nor an updated one on April 29 constitute a...
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