After hot bidding war JetBlue agrees to buy Spirit for $3.8B
JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase...
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JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase...
Spirit and JetBlue are expected to conclude the regulatory process and complete the transaction no later than the first half of 2024.
The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with Frontier Airlines fell apart. The deal still needs approval from antitrust regulators.
JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the largest discount
The agreement capped a months-long bidding war and arrived the day after Spirit's attempt to merge with fellow budget carrier Frontier fell apart.