Breaking: Spirit terminates merger agreement with Frontier and moves forward with JetBlue
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In a communication released moments ago, Spirit announced that it is no longer pursuing to fulfill the merger agreement with Frontier and will advance on the negotiations with JetBlue, after stockholders voted down Indigo Partners’ subsidiary proposal.
«Spirit Airlines today announced that it has terminated the merger agreement with Frontier Group Holdings, parent company of Frontier Airlines, Inc.
“While we are disappointed that we had to terminate our proposed merger with Frontier, we are proud of the dedicated work of our Team Members on the transaction over the past many months,” said Ted Christie, President and CEO of Spirit Airlines. “Moving forward, the Spirit Board of Directors will continue our ongoing discussions with JetBlue as we pursue the best path forward for Spirit and our stockholders.”
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