JetBlue Makes $3.6B All-Cash Offer To Buy Spirit

CNBC reports:

JetBlue Airways made a $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit’s deal to combine with rival discount carrier Frontier Airlines.

Spirit said its board was evaluating JetBlue’s proposal and will “pursue the course of action it determines to be in the best interests of Spirit and its stockholders.”

JetBlue’s bid comes less than two months after Spirit and Frontier agreed to merge into a discount airline behemoth, which would make it the country’s fifth-largest airline.

Read the full article.