Frontier makes a second bid for Spirit with budget airlines struggling
- Frontier Airlines has made a second proposal to merge with Spirit Airlines, which is currently bankrupt, after Spirit filed for bankruptcy protection in November.
- The proposed merger would involve newly issued Frontier debt and common stock, aiming to create a stronger low fare airline.
- Frontier Chair Bill Franke stated that the deal would provide more value than Spirit's standalone plan and enhance competitive viability.
- Frontier has engaged in discussions with Spirit's board and management since submitting its offer, indicating optimism about reaching an agreement.
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Total News Sources0
Leaning Left17Leaning Right6Center44Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 25%
C 66%
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