Frontier and Spirit Airlines will once again try to merge, only months after the Biden administration won a key antitrust court battle to block
Frontier is making an offer to acquire the beleaguered Spirit Airlines, which filed for bankruptcy in November.
Spirit, which filed for bankruptcy protection last year, says it has rejected the new Frontier overture but would be open to a higher offer.
Frontier tried to merge with Spirit in 2022 but was outbid by JetBlue. However, the Justice Department sued to block the $3.8 billion JetBlue deal, saying it would drive up prices for Spirit customers who depend on low fares, and a federal judge agreed in January. JetBlue and Spirit dropped their merger bid two months later.
Denver-based Frontier Airlines says it’s ready to keep talking after bankrupt Spirit Airlines rejected its offer to merge.
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 Airlines and rival Frontier Group are discussing a merger again, more than two years after the two ultra-low-cost carriers failed to close a deal. Spirit, which filed for bankruptcy protection last year,
Bankrupt Spirit Airlines Inc. rejected a new acquisition offer from the parent of Frontier Airlines but said it remains open to a long-discussed combination of the budget carriers.
No-frills, budget airlines often lead the industry in customer complaints, according to government data, so if one were to disappear would it be missed by travelers?
Frontier Airlines' attempt to buy fellow budget air carrier Spirit Airlines out of bankruptcy has hit turbulence.
Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through.