US airline JetBlue announces $3.8 bn acquisition of Spirit (7)

RFI 2022.07.28 15:08
28/07/2022 - 13:46 New York (AFP) - JetBlue Airways plans to acquire low-price carrier Spirit Airlines for $3.8 billion, the companies announced Thursday, in what would establish the fifth largest US airline. The proposed takeover, which requires regulatory approval, comes a day after Spirit terminated a combination with the Frontier Group following JetBlue's competing bid challenging the transaction.
AIRLINE, SPIRIT, FRONTIER, SHAREHOLDER, FEE, TRANSACTION, Hayes, USA