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...
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...
JetBlue is significantly reducing its planned capacity for this year in order to de-risk operations and offer reliable operations, taking out ten percent from its previous guidance. Instead of the projected eleven to fifteen percent capacity growth announced in...
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