Spirit Airlines and Frontier Group Announce Merger to Form Ultra-Low Fare Airline
February 7, 2022
Spirit Airlines and Frontier Group Holdings (parent of Frontier Airlines) entered into a definitive merger agreement to combine their businesses and create an ultra-low fare airline. The amended terms increased Frontier’s cash consideration to Spirit shareholders and raised the reverse termination fee, with the deal still subject to customary regulatory and stockholder approvals.
- Buyers
- Frontier Group Holdings, Inc., Spirit Airlines, Inc.
- Targets
- Spirit Airlines, Inc., Frontier Group Holdings, Inc.
- Industry
- Transportation
- Location
- Florida, United States
- Transaction Type
- Buyout
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