JetBlue To Buy Spirit Airlines In $3.8 Billion Deal

July 28, 2022 Business, Travel

JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. JetBlue said it will pay $33.50 a share in cash for Spirit in a $3.8 billion deal.

A JetBlue acquisition of Spirit would create the country’s fifth-largest carrier, and if approved by regulators, would leave Frontier as the largest discount carrier in the U.S.

JetBlue’s surprise, all-cash bid for Spirit in April had thrown Spirit’s plan to combine with fellow discounter Frontier into question

Read the full article.

JetBlue reached a deal to buy Spirit for $3.8 billion, creating the fifth-largest U.S. carrier after a fierce bidding war with Frontier https://t.co/63gjYsT2wi

— The Wall Street Journal (@WSJ) July 28, 2022