Breaking: JetBlue Bids to Buy Spirit Airlines
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JetBlue Airways hasactually used to buy Spirit Airlines for about $3.6 billion and break up a strategy for Spirit to combine with competitor budgetplan provider Frontier Airlines. Spirit stated it would examine the JetBlue quote and choose what’s finest for its investors.
“The integrated business would preserve the JetBlue brandname and continue to be based in New York City,” JetBlue stated in its declaration. “The present merger proposition presumes the rebranding and retrofitting of Spirit’s fleet as JetBlue, presenting a remarkable onboard experience to Spirit clients.”
“If the JetBlue deal is accepted by Spirit and if the Department of Justice authorizes this merger, it would allow JetBlue to broaden significantly by reallocating Spirit’s airplane on various paths, possibly even offering JetBlue adequate airplane to open another center someplace maybe in the center of the nation.”
Source: JetBlue