7/27/2022, 10:24 PM (Source: TeleTrader)
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Spirit terminates merger with Frontier

Spirit Airlines terminated on Wednesday its merger deal with Frontier Airlines and is set to continue negotiations with JetBlue Airways.

The two airlines had agreed a $6.6 billion merger in February but in April, JetBlue offered to buy Spirit for $3.6 billion, causing it to delay a shareholder vote on the Frontier agreement several times.

Earlier this month, Spirit shareholder Discovery Capital urged the airline to ditch Frontier and accept JetBlue's offer.

Baha Breaking News (BBN) / NP