Spirit Airlines has refused proposals from Frontier Airlines, acquiring airlines born from bankruptcy, effectively ending another attempt to merge with this low -cost career. Frontier Group Holdings Inc. (NASDAQ: ULCC) issues $ 400 million debt and provides 19 % of the company’s ownership to spiritual stakeholders, so that it is based in Dania Beach (NYSE). : I offered to buy Save).
In addition, Denver -based airlines have demanded Spirit’s stakeholders to complete $ 350 million stock rights by February 13.
“I am satisfied with the powerful results that the frontier provided through the execution of the business strategy, but I have been trusted for a long time that the combination with the spirit can release the opportunity to create added value.” 。 “As a combination of airlines, we will strengthen travel experiences with more options, deeper savings, and more reliable services.”
According to the SEC submission of the spirit submitted today, the frontier offered on January 7. The airline based in Denver has been engaged in discussions with the Spirit Board of Directors, its management team, and the representatives of the Spirit stakeholders since the proposal was made. 。
“Our Board of Directors concluded that if we continue to delay the process of confirmation and appearance, there are so many risks and irresponsible for the company and its stakeholders,” Spirit was a letter to the Frontier. I mentioned.
Frontier and Spirit initially announced plans to bind in 2022, but the $ 2.9 billion trading of $ 3.8 billion from Jet Blue Airways has abolished $ 2.9 billion. However, the Federal Judge later blocked Jet Blue (NASDAQ), proposed the acquisition of the spirit, and low -cost airlines applied for bankruptcy in November.
The Wall Street Journal also reported in October last year that the spirit was investigating the potential merger with Frontier before applying for bankruptcy.
Spirit has already reduced more than 80 routes from future schedules, attacks hundreds of pilots, selling 23 spent Airbus A320CEO and A321CEO aircraft for $ 519 million, enhancing fluidity and profitability. Ta.
Last year, Spirit added two additional airline classes that provide premium selections such as free baggage, snacks, and Wi-Fi for the best tier. In addition, we increased the weight allowance for check bags to 50 pounds, eliminating the change in flight and cancellation.
