Spirit Airlines rejected another acquisition offer by Frontier Airlines to combine the operations of both airlines, standing firm to its decision back in 2022 to reject a similar takeover. While Spirit remains in bankruptcy,
Spirit Airlines Tuesday rejected Frontier's most recent merger proposal, opting to proceed with its own standalone recapitalization without a merger instead. Spirit is currently in bankruptcy.
Spirit Airlines again rejected Frontier Airlines’s latest takeover bid, opting to instead focus on its restructuring process to bolster financial stability.  Spirit, an ultra-low-cost airline,
(AP Photo/David J. Phillip, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy ...
The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit Airlines.
After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition, Spirit Airlines has a new plan.
Spirit’s approval comes after the third merger attempt by Denver-based ULCC Frontier Airlines, part of a back-and-forth process between the two budget carriers that dates back to 2022 when Frontier made a run for Spirit but was usurped by JetBlue.
A third acquisition offer from Frontier Airlines has been rejected by Spirit Airlines after an unsuccessful counter, concluding that it would deliver less in value than its standalone restructuring plan.
Frontier offered for a third time to take over struggling competitor Spirit Airlines, but the budget airline said no deal. Spirit will continue on its own plans to get out of bankruptcy and firm up its finances. Frontier had offered Spirit shareholders $400 million in debt and a 19% stake in its parent company, The Associated Press reported.
Both JetBlue and Breeze Airways, the two airlines which topped the answers to Click’s public poll, are widely considered in the industry as potential candidates to a merger or acquisition, although, as of February 16, 2025, there is no official indication from
While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time, got even smaller.
Frontier Airlines' longest route from Las Vegas Harry Reid International Airport (LAS) is to New York John F. Kennedy International Airport (JFK), coming in at 2,248 miles long. In February 2025, the ultra-low-cost carrier will operate 28 flights in each direction, equating to a daily service.