Spirit Airlines rejected Frontier Airlines’s second merger bid, opting to continue on its current path to emerge from bankruptcy. The low-cost airline filed for bankruptcy last year after the Justice Department blocked a proposed merger with JetBlue.
Rather than accept Frontier’s offer, Spirit said it will stick to its current plan to emerge from Chapter 11 bankruptcy.
Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through.
Spirit, which filed for bankruptcy protection last year, says it has rejected the new Frontier overture but would be open to a higher offer.
Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.
Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
Denver-based Frontier Airlines says it’s ready to keep talking after bankrupt Spirit Airlines rejected its offer to merge.
Frontier Airlines said Wednesday it has again proposed combining with Spirit Airlines, which is in bankruptcy.
On today’s episode we look at the American Eagle crash in Washington, D.C., innovations and shifts in hospitality, and Frontier’s bid for rival Spirit Air.
Frontier said a merger would be better for long-term viability, making the combination the fifth largest airline in the United States and producing at least $600 million in operational savings. It argued that the deal would offer greater value to Spirit’s stakeholders than the company’s current restructuring plan.
The last deadly major crash involving a commercial airliner in the U.S. was in 2009, when 49 people — 45 passengers, 2 pilots and 2 flight attendants — aboard a Colgan Air flight crashed in New York state. One person also died on the ground.