All Frontier Airlines articles – Page 4
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News
Frontier adds $250m termination fee to Spirit offer
US operator Frontier Airlines has added a $250 million reverse termination fee to its agreed offer for ultra-low-cost carrier Spirit Airlines in the regulators block the deal.
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Spirit’s planned combination with Frontier faces fresh opposition
Spirit Airlines is facing fresh opposition to its planned acquisition by Frontier Airlines, with investors suing to stop the deal and a management consulting firm recommending against it.
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JetBlue accuses Spirit’s board of conflicts of interest
An “entrenched” board of directors with ties to Frontier Airlines is behind Spirit Airlines’ disinterest in a proposed acquisition by JetBlue Airways.
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Spirit, JetBlue trade more barbs in takeover saga
JetBlue Airways and Spirit Airlines have traded more barbs as the Spirit board continues to fend off a JetBlue hostile takeover attempt, and move forward with its proposed merger with Frontier Airlines.
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Airline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
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JetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).
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Spirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
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JetBlue urges Spirit shareholders to scuttle planned Frontier acquisition
JetBlue Airways has launched another push to take over Spirit Airlines by urging the low-cost carrier’s shareholders to vote against a planned acquisition by Frontier Airlines.
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Spirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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News
Spirit cites anti-trust ‘red flags’ in rejecting JetBlue bid
A myriad of anti-trust issues convinced Spirit Airlines’ board to reject JetBlue Airways’ offer to acquire it, and to pursue the original proposal from Frontier Airlines.
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Spirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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News
Spirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
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Frontier Q1 earnings took hit from Omicron, weather and ATC delays
Ultra-low-cost carrier Frontier Airlines says customer demand is “on a solid path to recovery” after first quarter earnings took a hit from Covid-19’s Omicron variant coupled with air traffic snarls and weather issues in Florida.
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Spirit assists antitrust review of Frontier deal as it weighs JetBlue offer
Spirit Airlines is continuing to supply information about its proposed acquisition by Frontier Airlines to the US Department of Justice (DOJ) – even though Spirit has said a competing acquisition offer from JetBlue Airways may be superior.
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Podcast
Airline Business Podcast: Challenging summer capacity ramp-up and the fight for Spirit
Graham and Lewis return to discuss the challenges facing airlines as they ramp-up operations heading into the northern hemisphere summer, notably amid staffing shortages and rising fuel prices. They also take a look at the competition to purchase Spirit Airlines, after JetBlue Airways threw its hat into the ring for ...
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Frontier Airlines seeks new Denver gates
To accommodate Frontier Airlines’ surging growth at Denver International airport, the ultra-low-cost carrier (ULCC) intends to develop a new 14-gate facility.
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Spirit’s board to weigh pros and cons of competing offers
While all eyes were on whether regulators would ultimately spoil Frontier Airlines’ planned takeover of Spirit Airlines, JetBlue Airways quietly hatched a spoiler of its own.
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‘Robin didn’t mention it at dinner’: IATA chief surprised by JetBlue bid for Spirit
IATA director general Willie Walsh had more reason than most to be surprised by JetBlue Airways’ bid for Spirit Airlines this week, coming as it did after he shared several hours with the suitor’s chief executive Robin Hayes days earlier.
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Frontier slams JetBlue’s unsolicited bid for Spirit Airlines
Frontier Airlines says JetBlue Airways’ unsolicited surprise offer to buy ultra-low-cost rival Spirit Airlines will make for higher fares and less competition.
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Spirit confirms JetBlue makes surprise $3.6bn bid for outstanding shares
JetBlue Airways has made an unsolicited bid to purchase all of Spirit Airlines’ outstanding stock in an all-cash transaction, throwing into doubt Spirit’s $6.6 billion planned merger with Frontier Airlines.