Amidst ongoing restructuring under Chapter 11 bankruptcy proceedings, Spirit Airlines might be considering reigniting a merger with a low-cost rival airline (via The Points Guy ).
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.
Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.
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.Frontier Group Holdings Inc., the parent company of Frontier Airlines,
"We're continually looking for ways to make it easier to book a JetBlue flight on our website and mobile app."
Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
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.
Discount carrier says a merger would be a better path out of bankruptcy for Spirit, which has rebuffed the latest proposal.
Frontier Airlines struck out yet again in its second attempt to acquire rival carrier Spirit Airlines. Spirit filed for bankruptcy last year as it faced mounting losses.
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. NEW YORK (AP) — No-frills, budget airlines often lead the industry in customer complaints,