Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the years since the companies began discussing a merger.
We remain convinced that the combination of Spirit and Frontier would have created more value than Spirit’s standalone plan,” Frontier said. “That said, we are discipline
Frontier Airlines chief executive Barry Biffle maintains that his airline's rejected attempts to acquire rival ultra-low-cost carrier Spirit Airlines came down to differences of opinion.
Spirit Airlines rejects Frontier's merger proposal, continues standalone recapitalization plan. Spirit aims to complete restructuring by first quarter 2025. Nearly all creditors approved Spirit's plan,
Frontier Airlines is adding a flight to Las Vegas with fares starting as low as $19 for a limited time. Here's when to fly and how to shop the sale.
Frontier Airlines chief executive Barry Biffle maintains that his airline's rejected attempts to acquire rival ultra-low-cost carrier Spirit Airlines came down to differences of opinion.
A merger of America's two largest budget airlines appears increasingly unlikely. Spirit Airlines on Thursday rejected Frontier Airlines' latest proposal for a merger, which would have helped bring the Florida-based carrier out of bankruptcy to join forces with its top competitor.
After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition, Spirit Airlines has a new plan.
Spirit contended that Frontier's latest proposal would deliver less in value to the company's stakeholders than its existing reorganization plan.
Spirit Airlines updates on restructuring, including rejected proposal from Frontier; aims to finalize plan by 2025 Q1. ULCC shares up 2.26%.
The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit Airlines.
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