Spirit Airlines CEO Ted Christie is reiterating his firm opposition to the hostile takeover effort initiated by JetBlue Airways, describing it as a “cynical” attempt to disrupt Spirit’s planned merger with Frontier Airlines.
Executives at Spirit Airlines reiterated their opposition to the merger proposal from JetBlue Airways and urged shareholders to approve the competing bid from Frontier Airlines at an upcoming shareholder vote.
Manchester-Boston Regional’s Ted Kitchens discusses the impact of the airport’s first new airline partner in 17 years and how it is working to reduce leakage to nearby Boston International.
What happens next depends on a combination of Frontier’s reaction—whether it makes a counteroffer—and how the Spirit board of directors judges the tradeoffs between a relatively safer merger with Frontier, and the prospect of a perhaps more ambitious future with JetBlue.
News of the proposed merger between Frontier Airlines and Spirit Airlines has ushered in a wave of speculation about the possibility of further consolidation among U.S. carriers.
The ULCC will become the first new airline to enter the Salt Lake market since the first-phase completion of a $4.5 billion airport redevelopment project.