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|    AVIATION    |    Aviation echo, airline-related news    |    717 messages    |
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|    Message 348 of 717    |
|    Aviation HQ to All    |
|    JetBlue grabs Spirit    |
|    28 Jul 22 18:41:09    |
      MSGID: 2:292/854 1730254c       TZUTC: 0200        Spirit Airlines has been aquired by SetBlue. Both parties report an agreement,       after it was announced on Thursday that a merger between Spirit and Frontier       Airlines had failed. The acquisition will cost JetBlue about $3.8 billion.               JetBlue fought for months for a stake in Spirit, which was all but done with       Frontier. By coming up with better and better bids, JetBlue eventually came       out on top. Per share is now $ 33.50 on the table.               Formally, the shareholders of JetBlue and Spirit Airlines have yet to approve       the deal, as do the US authorities. That is expected in early 2023. Until       then, JetBlue and Spirit will continue to fly independently of each other and       under their own brand name.               Following the closing of the acquisition, the combined fleet will consist of       458 Airbus aircraft and a customer base of 77 million passengers per year.       This makes JetBlue the fifth largest airline in the US.               Operations are controlled from the JetBlue headquarters in New York. The       intention is that Spirit Airlines aircraft will have the same interior as       those of JetBlue.              --- DB4 - 20220519        * Origin: AVIATION ECHO HQ (2:292/854)       SEEN-BY: 1/123 15/0 80/1 90/1 105/81 106/201 120/340 123/131 129/305       SEEN-BY: 129/330 331 153/7715 221/1 226/30 229/110 111 112 113 317       SEEN-BY: 229/400 424 426 428 470 664 700 280/464 282/1038 292/854       SEEN-BY: 292/8125 301/1 317/3 320/219 322/757 335/364 342/200 396/45       SEEN-BY: 460/58 633/280 712/848       PATH: 292/854 229/426           |
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