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Business

David Lyons

After $3.6 billion offer, Spirit Airlines agrees to negotiate with JetBlue

Spirit JetBlue Spirit Airlines Frontier JetBlue Airways Robin Hayes New York South Florida

A new takeover offer for Spirit Airlines by JetBlue Airways of New York is now viewed as attractive enough for the South Florida-based carrier to enter into negotiations aimed at cutting a deal.

Late Thursday, Spirit, which already has a proposed $2.9 billion agreement on the table with Frontier Airlines, announced its board of directors believes JetBlue’s unsolicited $3.6 billion offer could lead to a “superior proposal” as defined in Spirit’s agreement with Frontier.

Spirit did not say when the JetBlue talks would begin.

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One subscription that gives you access to news from hundreds of sites

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