This article is more than

3 year old

Frontier Purchases Spirit Airlines, Creates U.S.' Fifth-Largest Carrier

Author: Editors Desk Source: Newsweek:
February 7, 2022 at 15:27
DANIEL SLIM/AFP VIA GETTY IMAGES
DANIEL SLIM/AFP VIA GETTY IMAGES
The merger is expected to close in the second half of this year, "subject to satisfaction of customary closing conditions, including completion of the regulatory review process and approval by Spirit stockholders," the release said. A spokesperson for Frontier told Newsweek that the name that the merged airlines will fly under will be determined at a later point in time

Frontier Airlines is purchasing Spirit Airlines in a nearly $3 billion deal that will produce the fifth-largest carrier in the U.S.

Frontier and Spirit said in a joint news release that they will provide more low-cost flying fares to more travelers in destinations across the U.S., Latin America and the Caribbean.

"This transaction is centered around creating an aggressive ultra-low fare competitor to serve our guests even better, expand career opportunities for our team members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public," Spirit CEO Ted Christie said in a statement.

Read More (...)

Newer articles

In case you missed it
Supreme Court allows use of wartime law to deport alleged gang members

Supreme Court allows use of wartime law to deport alleged gang members

<p>A divided court ruled that the Venezuelan immigrants who sought to block their removals under the Alien Enemies Act did so in the wrong court, but also said potential deportees...

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second