JetBlue Airways to Acquire Spirit Airlines For $33.50 Per Share In Cash

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A definitive merger agreement between JetBlue Airways Corporation and Spirit Airlines, Incorporated — which are the respective parent companies of JetBlue Airways and Spirit Airlines — was announced on Thursday, July 28, 2022 shortly after the board of directors at Spirit Airlines voted on terminating its merger with Frontier Airlines effective as of Wednesday, July 27, 2022; and it will result in the creation of the fifth largest airline in the United States once the merger is completed.

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