Frontier Airlines still ‘very far’ from shareholder backing for Spirit merger


Frontier Airlines still ‘very far’ from shareholder backing for Spirit merger

Friday, 12 Jul, 2022 0

Frontier Airlines is struggling to convince enough Spirit Airlines shareholders with its current bid for the low cost airline.

Frontier Airlines is asking for another delay in a shareholder vote.

The shareholder vote has already been pushed back three times.

Frontier CEO Barry Biffle said his airline is ‘very far’ from getting approval by enough Spirit shareholders, amid a more attractive offer from JetBlue Airways.

This is despite Spirit’s board recommending the Frontier bid.

The Spirit board has backed Frontier as it believes JetBlue won’t get anti-trust clearance.

Frontier is holding firm and says it won’t improve its offer.

“However, we still remain very far from obtaining approval from Spirit stockholders based on the proxy data we received as of July 8,” Biffle wrote to Spirit CEO Ted Christie.

Biffle asked for another delay in the vote, until the end of July.

Frontier is offering about $2.7 billion, significantly less than the JetBlue bid.



Related News Stories:  



 

profileimage

Ray Monty



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari