Frontier Says It Lacks the Votes To Close Spirit Merger; Requests Fourth Vote Delay
Significant Spirit shareholder urges board to vote for JetBlue merger.
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.
In the latest update from the Spirit Airlines (NYSE: SAVE) takeover saga, the low-cost carrier said this week that it would decide whether to merge with JetBlue (NASDAQ: JBLU) or Frontier (NASDAQ: ULCC) before the shareholder meeting that’s scheduled for June 30. Spirit president and CEO Ted Christie said in a statement that “consistent with […]
The airline offers an improved proposal, increased by $150 million ahead of the Frontier vote.
Frontier merger is ‘advancing as planned,’ said Spirit’s chairman.
The 19,000-square-foot training center is the second new facility ATP has constructed in the past year.
Proposed deal provides more money for Spirit shareholders, but raises questions of synergy.
The nation’s largest flight school will be a direct pipeline for the Spirit Direct Program.