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Spirit Airlines, Inc. and Frontier Group Holdings announced a definitive merger agreement to create America’s most competitive ultra-low fare airline.
Frontier agreed to buy Spirit Airlines for $2.9 billion in cash and stock, uniting two ultra-low-cost carriers targeting the recovering U.S. leisure-travel market.
Frontier Group Holdings, Inc., the parent company of Frontier, is buying Spirit Airlines in a merger that will create the nation's fifth-largest airline.
Two major U.S. airlines announced Monday that they will merge companies, becoming the nation's fifth-largest airline.