Spirit Airlines shareholders approve takeover by JetBlue
Headline from WHAS Louisville
The deal would make JetBlue the nation’s fifth-biggest airline and eliminate the nation’s biggest budget carrier, and that might not sit well with regulators.
WHAS Louisville's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The deal would make JetBlue the nation’s fifth-biggest airline and eliminate the nation’s biggest budget carrier, and that might not sit well with regulators.
Spirit Airlines shareholders are approving a $3.8 billion sale of the company to JetBlue Airways. Spirit announced the results on Wednesday. JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year.
Spirit Airlines shareholders voted Wednesday to approve a merger with former rival JetBlue Airways, a deal that would create the nation's fifth-largest carrier, but one that will face intense scrutiny
Spirit Airlines shareholders are approving a $3.8 billion sale of the company to JetBlue Airways. Spirit announced the results on Wednesday. JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year.
The airlines now must convince federal regulators that that agreement won’t harm competition and drive up fares for consumers, a major hurdle in getting the takeover approved.
Spirit Airlines shareholders on Wednesday approved the $3.8 billion merger agreement with JetBlue. The carrier originally planned to merge with Frontier.