If approved by regulators, the merger will create the fifth-largest airline in the U.S.
Spirit Airlines shareholders voted to approve a $3.8 billion merger proposal with JetBlue. If approved by regulators, it will create theafter Spirit's attempt to merge with Frontier Airlines fell apart
this summer. Spirit's board had favored joining forces with the rival discounter. At the time, the board said antitrust regulators were more likely to reject the bid from JetBlue, but the airline's executives now say they expect to receive regulatory approval and close the deal by the first half of 2024.
“We believe we can uniquely be a solution to the lack of competition in the U.S. airline industry and the continued dominance of the Big Four,” JetBlue's CEO Robin Hayes said in aover the summer. “By enabling JetBlue to grow faster, we can go head-to-head with the legacies in more places to lower fares and improve service for everyone. Even combined with Spirit, JetBlue will still be significantly smaller than the Big Four, but we’ll be much better positioned to bring the proven JetBlue Effect to many more routes and locations.” pay $33.50 a share in cash for Spirit, including a prepayment of $2.50 a share in cash payable once Spirit stockholders approve the transaction. There's also a ticking fee of 10 cents a month starting in January 2023 through closing.
The combined airline would have a fleet of 458 aircraft. The airlines will continue to operate independently until after the transaction closes.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Spirit Airlines shareholders expected to vote on JetBlue mergerSpirit Airlines shareholders are expected to vote Tuesday on whether to approve a merger with JetBlue Airways, a deal that would create the nation’s fifth-largest carrier, but one that would face intense scrutiny from federal regulators.
Lire la suite »
Spirit Airlines shareholders approve $3.8B merger with JetBlueWall Street widely expected shareholders to approve the sale after they forced Spirit to drop a proposed merger with Frontier Airlines in favor of JetBlue’s richer, all-cash offer.
Lire la suite »
Spirit shareholders approve JetBlue takeoverSpirit Airlines shareholders on Wednesday approved the $3.8 billion merger agreement with JetBlue. The carrier originally planned to merge with Frontier.
Lire la suite »
Hailey Bieber Gets in the Spooky Spirit With Red Hair for HalloweenThe 25-year-old model teases that she's having 'too much fun' as a redhead. See her transformation!
Lire la suite »