JetBlue agrees to buy Spirit for $3.8B after bidding war

JetBlue agrees to buy Spirit for $3.8B after bidding war

(AP) – JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines fell apart. Spirit CEO … Read more

Spirit Postpones Merger Vote for the Fourth Time in Five Weeks

Spirit Postpones Merger Vote for the Fourth Time in Five Weeks

Boy, Spirit Airlines CEO Ted Christie and the carrier’s Board of Directors must really want that shareholder approval for a merger with Frontier Airlines. For the fourth time in five weeks, Spirit this morning announced it was again postponing its shareholder voting meeting on whether to merge with Frontier or accept the takeover bid by … Read more