merger

The blank-check company filed for a raise of up to $100 million and will target businesses serving the global space economy.

The deal to take Flexjet public through a SPAC IPO is valued at $3.1 billion, which the company says is nearly 11 times the $288 million adjusted earnings expected for 2022.

Significant Spirit shareholder urges board to vote for JetBlue merger.

The Denver-based carrier is trying to sway Spirit decision makers to merge with it instead of JetBlue.

Spirit Airlines has decided to postpone its scheduled shareholder meeting to Thursday, June 30 to give itself time to discuss whether to merge with JetBlue or Frontier. Spirit shareholders were set to vote on Frontier’s offer at the shareholder meeting on Friday. In a statement announcing the delayed vote, Spirit said it remained bound by […]

Proposed deal provides more money for Spirit shareholders, but raises questions of synergy.

Members of the U.S. House and Senate are urging the Biden administration to “closely review” Frontier Airlines’ planned acquisition of Spirit Airlines because of concerns the combined company “would further concentrate and even monopolize the ultra-low-cost carrier, or ULCC, segment of the industry.” The group of lawmakers including Senators Elizabeth Warren (D-Mass.), Ben Ray Lujan […]

Air taxi developer Lilium will officially launch on the Nasdaq stock exchange on September 15, the company said, after shareholders of special purpose acquisition company (SPAC) Qell Acquisition Group approved a merger Friday. “We are thrilled that Qell shareholders have chosen to support our vision to accelerate the decarbonisation of air travel and will join […]