JetBlue has launched a competing bid against Frontier Airlines to buy Spirit Airlines. JetBlue is offering Spirit shareholders about 40 percent more for than the current value of Frontier’s bid. The total value of the JetBlue offer is about $3.6 billion. Frontier’s cash and stock bid was worth about $2.9 billion when it was made more than a month ago but its shares have since dropped in value. JetBlue is offering $33 a share in cash.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/jetblue-launches-bid-for-spirit