Spirit Airlines Reaffirms Commitment to Merger with Frontier
Source: Spirit Airlines Latest JetBlue Offer Does Not Address Serious Regulatory Concerns or Deliver Greater Value Frontier Merger Provides Opportunity for Significantly More Value of at Least $50 Per Share and Greater Certainty of Completion Spirit Airlines, Inc. ("Spirit" or the "Company") has reaffirmed its commitment to its merger agreement with Frontier Group Holdings Inc. (“Frontier”), parent company of Frontier Airlines, Inc., and commented on the most recent revised offer from JetBlue Airways Corporation ("JetBlue") received on June 27, 2022. Ted Christie, President and CEO of Spirit, said, “The latest offer from JetBlue does nothing to address our Board’s serious concerns that a combination with them would not receive regulatory approval. That unsolved issue, combined with the fact that their offer is [...]