Spurned JetBlue launches hostile takeover of Spirit Airlines
JetBlue is not giving up easily its bid to buy Spirit Airlines, despite being rejected by the budget airline’s board.
JetBlue is launching a hostile takeover, urging Spirit shareholders to vote against the rival deal from Frontier Airlines.
Spirit shareholders are set to vote on the proposed merger with Frontier on June 10.
JetBlue is touting an all-cash offer of $30 per share, which it says is now a ‘60% premium to the value of the Frontier transaction.’
“The Spirit Board failed to provide us the necessary diligence information then summarily rejected our proposal, which addressed its regulatory concerns,” JetBlue said in a note to Spirit shareholders.
“The rejection is based on unsupportable claims that are easily refuted.”
Spirit turned down the JetBlue offer, concerned over regulatory hurdles the deal would face.
“We believe JetBlue’s economic offer is illusory,” it said.
A combined Spirit and Frontier airline would become bigger than JetBlue as well as Alaska Airlines, based on the number of passenger miles flown.
“Merging with Frontier will enable the combined ULCC achieve scale, and compete more effectively against the Big Four carriers, as well as JetBlue,” Spirit recently said.
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 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt