Spirit Airlines has announced that its Board of Directors, after consultation with its outside financial and legal advisors, has unanimously determined that the tender offer from JetBlue Airways to acquire all outstanding shares of Spirit’s common stock for $30 per share in cash is NOT in the best interests of Spirit and its stockholders.
JetBlue has announced that it has filed a “Vote No” proxy statement urging Spirit shareholders to vote against the Spirit/Frontier transaction at Spirit’s upcoming special meeting.
Spirit Airlines has announced that it has received an unsolicited proposal from JetBlue Airways to acquire all of the outstanding shares of Spirit’s common stock in an all-cash transaction for $33.00 per share.
US low-cost carrier Frontier has agreed to acquire rival Spirit for $6.6 billion. If the deal is finalised, it will be the first large airline merger since the aviation industry was rocked by Covid-19.
Spirit is based in South Florida and is the fastest-growing airline in the United States, with flights throughout the United States, Latin America and the Caribbean.
Airbus and Spirit Airlines have agreed to a memorandum of understanding for the United States-based airline to acquire up to 100 A320neo planes. Spirit announced its intention to place firm orders for a mix of A319neo, A320neo, and A321neo to meet its future fleet requirements.
Low-cost carrier Spirit Airlines has announced that it will begin flying out of Pittsburgh International Airport in May 2017. Pittsburgh International Airport will become the 61st city to join its expanding network, with new non-stop service to seven popular destinations, including Dallas/Fort Worth, Myrtle Beach, Fort Lauderdale, Orlando, Las Vegas, Houston and Los Angeles
Spirit Airlines has named three new executives to its leadership team. Ted Botimer has been named the Senior Vice President of Network Planning and Revenue Management, Laurie David Villa is the new Vice President and Chief Human Resources Officer, and Eric Netland has been promoted to Vice President of Pricing and Revenue Management.
Spirit Airlines has unveiled its new design that matches the bright and bold branding the company announced last May. The bright yellow plane with black trim begins service tomorrow with a flight from Atlantic City (ACY) to Fort Lauderdale (FLL).