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Chicago Sun-Times
Chicago Sun-Times
National
Michelle Chapman | AP

Frontier Airlines to buy Spirit in $3B deal

Frontier Airlines’ parent company is buying Spirit Airlines in a $2.9 billion cash-and-stock deal. | AP file

Frontier is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will create the nation’s fifth largest carrier.

The tie-up is valued at $6.6 billion when accounting for the assumption of debt and other liabilities.

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