The Battle for Spirit: Election Day Tomorrow

DALLAS – So tomorrow’s the big day. We’ll finally see how the nation’s fifth-largest airline will be cobbled together. Will it be JetBlue (B6) acquiring Spirit (NK), or will the original suitor, Frontier (F9), take off hand-in-hand with the yellow discount carrier?

Both companies are making last-ditch pleas to Spirit shareholders to vote their way. On Monday, B6 upped its all-cash offer to top F9’s enhanced bid that was put in place to make it competitive with the previous JetBlue offering (make sense?).

Hundreds of millions of dollars are at stake. And everyone is going all out to swing the vote read more ⇒

Source:: “Airways Magazine”

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