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JetBlue boost bid on Spirit

Improved hostile proposal aimed at blocking merger with Frontier Airlines

US low-cost air carrier JetBlue has strengthened its takeover bid for airline Spirit Airlines. The current proposal, which rose to 33.50 dollars per share, is 67.6% better than what was offered by low-cost carrier Frontier Airlines, a rival in the race to acquire a majority stake in Spirit Airlines. However, the Frontier-JetBlue merger remains the most certain horizon for now. "We believe Spirit's...

Gic - 1245218
Long Island, United States, 06/21/2022 14:54
AVIONEWS - World Aeronautical Press Agency

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