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Spirit Airlines sees a merger with JetBlue as unattainable. Not for lack of interest, mind you. JetBlue’s cash offer of $3.6 billion still stands. But doubts around the likelihood of regulatory approval have Spirit’s Board of Directors recommending that it continue to move forward with the previously planned Frontier merger instead. Assuming even that can get past regulators.
This was published by Wandering Aramean, to read the complete post please visit https://blog.wandr.me/2022/05/spirit-takes-a-pass-on-jetblues-buyout-offer/.