Spirit, which filed for bankruptcy protection last year, says it has rejected the new Frontier overture but would be open to a higher offer.
Rather than accept Frontier’s offer, Spirit said it will stick to its current plan to emerge from Chapter 11 bankruptcy.
Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.
Previously, she was a writer and editor at MUO. As shown in a series of emails made public in the filing, Frontier first submitted its “compelling proposal” to buy Spirit on January 7th in a deal valued at $2.
Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
Frontier says a merger would be a better path out of bankruptcy for Spirit, as budget carriers struggle with high costs and competition.
JetBlue’s proposed merger with Spirit Airlines was blocked by a federal judge in January after the court found that the merger would hurt consumers by combining two low-cost airlines that would ...
Budget carrier Frontier Airlines announced on Wednesday that it has made another bid for fellow discount carrier Spirit Airlines, which is in bankruptcy, for an undisclosed sum.
Denver-based Frontier Airlines says it’s ready to keep talking after bankrupt Spirit Airlines rejected its offer to merge.
Frontier Airlines said Wednesday it has again proposed combining with Spirit Airlines, which is in bankruptcy.
Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.