Big Law
Frontier Struggles to Become the Country’s Fifth-Largest Air Carrier
Denver-based Frontier Airlines’ well laid-out plans to become the fifth-largest air carrier in the country could be in free fall.
The $2.9 billion merger between Frontier and Spirit Airlines, announced in February, is under siege after JetBlue Airways made an unsolicited, $3.6 billion bombshell bid last week for the budget air carrier.
The all-cash offer is at a 33% premium to Frontier’s cash-and-stock offer, and Spirit said it is now evaluating the proposal.
