Credit: top: Joepriesaviation.net; bottom: Ethan Miller/Getty Images
JetBlue Airways surprised the industry with a $3.6 billion all-cash offer for Spirit Airlines, which it describes as “superior” to the previously accepted $2.9 billion cash-and-stock bid from Frontier Airlines. But is it really superior? The proposal from New York-based JetBlue clearly offers a...
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