JetBlue agrees $3.8 billion deal to buy Spirit Airlines
JetBlue Airways has sealed a deal to buy Spirit Airlines.
It comes hours Spirit abandoned plans to merge with Frontier Airlines.
That deal collapsed as it lacked the shareholder support, even though it was the Spirit board’s favored option.
The $3.8 billion acquisition would create the fifth largest U.S. airline, and would be the first major US airline deal for six years.
It ends a long drawn-outbidding war between JetBlue and Frontier
However, it is far from a done deal.
There is likely to be intense antitrust scrutiny by US regulators.
Spirit itself had said a JetBlue takeover wasn’t likely to get approved by regulators
JetBlue will pay $33.50 a share in cash for Spirit.
The one positive for Frontier is that a JetBlue deal would leave Frontier as the largest LCC in the US.
Ray Monty
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive