Credit: Joe Pries
JetBlue Airways surprised the industry with a $3.6 billion all-cash offer for Spirit Airlines, which it called “superior” to Frontier Airlines’ $2.9 billion cash and stock bid for the South Florida-based ULCC. The deal obviously offers more immediate value to Spirit’s shareholders than the Frontier...
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Daily Memo: JetBlue Offers Spirit More Money, More Problems? is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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