Reported 1 day ago
Frontier Airlines has made a second bid to merge with bankrupt Spirit Airlines, which filed for bankruptcy last year. Spirit's significant financial losses and debt challenges have prompted Frontier to propose a deal involving new debt and stock. Despite a previous merger attempt in 2022 being outbid by JetBlue, Frontier is optimistic about this new proposal, citing potential benefits for both companies and discussions with Spirit's leadership and stakeholders.
Source: YAHOO