Published 2 years ago

Spirit's delay allows airline bidding war time to play out

Summary by Ground News

JetBlue CEO Robin Hayes said Spirit shareholders gave their board a mandate to negotiate a sale. JetBlue investors seemed underwhelmed by the prospect of the New York-based carrier buying Spirit. Spirit rose 6.4%, while Frontier dipped 1.5%. Florida-based Spirit said the vote on a proposed tie-up with Frontier would be postponed until July 8.

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Associated Press News

Spirit's delay allows airline bidding war time to play out

NEW YORK (AP) — Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding

2 years ago·United States

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abc News

Spirit's delay allows airline bidding war time to play out

Shares of Spirit Airlines are rising after the budget airline postponed a vote on a merger with Frontier for the second time

2 years ago·United States

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KRDO

Spirit's delay allows airline bidding war time to play out

NEW YORK (AP) — Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out. The delay, announced hours before the scheduled vote, indicated that Spirit lacked support to approve the Frontier merger.JetBlue CEO Robin Hayes said Spirit shareholders gave their board a mandate to …

2 years ago·Colorado Springs, United States

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MY Northwest

Spirit's delay allows airline bidding war time to play out

2 years ago·Tacoma, United States

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WPLG

Spirit's delay allows airline bidding war time to play out

Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out. The delay, announced hours before the scheduled vote, indicated that Spirit lacked support to approve the Frontier merger.JetBlue CEO Robin Hayes said Spirit shareholders gave their board a mandate to negotiate a sale…

2 years ago·Miami, United States

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