Jet Blue to buy Spirit Airlines…

JetBlue Airways has reached a deal to buy ultra-low-cost carrier Spirit Airlines, bringing an end to a months-long bidding war with Frontier, and creating a “national low-fare challenger to the dominant big four airlines.”

JetBlue announced the deal on Thursday morning, writing that it will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit shareholders’ approval of the deal. When the deal is finalized, the combined carrier will be the fifth-largest airline in the U.S.

JetBlue’s announcement came just a few hours after talks between Spirit and Frontier ended. Spirit reportedly could not secure shareholder approval for its deal to buy Frontier despite the efforts from its executive board, including delaying the vote four different times.


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If Spirit comes up to JB’s standards, that’ll make me a happy traveler. If Spirit drags JB down to theirs, I’ll be looking for a new carrier for those Boston work trips.