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Spirit Airlines has once again rejected a takeover bid by rival ultra-low-cost airline Frontier, saying that it will pursue its Chapter 11 bankruptcy and recapitalization alone.
It emerged late last month that Denver-based Frontier Airlines wanted to acquire embattled competitor Spirit in a $400 million deal that would create the fifth-largest airline in the United States and the first low-cost carrier capable of taking on the dominant Big Four carriers.
This was published by PYOK.
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