DALLAS – JetBlue Airways (B6)has finally sealed a deal to acquire Spirit Airlines (NK) for US$3.8bn just hours after the latter canceled its merger agreement with Frontier Airlines (F9), bringing the equivalent of a reality dating show to a close.
On April 5, it made the initial counteroffer. It seems like three is a charm. On Thursday, B6 announced the agreement after nearly four months and four updated offers.
With a fleet of 458 aircraft and an order book of more than 300 Airbus aircraft, the purchase would make B6 the fifth-largest carrier in the United States after acquiring NK.
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Source:: “Airways Magazine”