New York – Frontier Airlines is now trying to join the spirit of the spirit of the second time, which failed as a failure of late budget airlines last year.
The Frontier Group Holdings Inc. said Frontier Airlines, on Wednesday, said the proposed agreement was published by the proposed frontier debt and plain stock.
Border Tried to join the spirit In 2022, but JetBlue expelled. However, Sue Sue Justice 3.8 trillion to block a JetBlue agreement, saying the prices of customer customers dependent on low rates Agreed to a federal judge In January. Jetblue and Spirit dropped the tender two months later.
Spirit archive Bankruptcy protection In November. The largest US budget airline, spirits 11. He presented the chapter bankruptcy application after dealing with the conditions with trustors. The airlines lost more than $ 2,5 billion since 2020 and since faces Looming debt payments More than $ 2025 and 2026 a million dollars.
The largest US air companies have captured some customers of the conscious budgets of the Spirit by offering a brand of naked cards. And US Leisure Travel Fees – The main business of the Spirit – past this summer due to the slot of new flights.
This time is a positive limit that this time it can achieve an agreement.
“This proposal will have more than a single-plan plan for the spirit, achieving long-term viability, effectively competing and competing in new markets on a scale,” Bill Franka said. “We are ready to discuss discussions with the Spirit and his financial agents and we believe that we can immediately obtain an agreement on a transaction.”
The border said he has presented his offer with the members of the Spirit Committee, with members of the management team and representatives of the financial agents of the Spirit.
In a regulatory archive, the Spirit said that this month received the previous limit proposal and reviewed, the offer was not beneficial for its shareholders. He said he reduced new developments, he would move on with his plans 11. To draw protection of the chapter.
The shares of the Frontier group rose by more than 2% before opening the bell on Wednesday.
