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Spirit Airlines is rushing to renegotiate a loan it took out during the pandemic. It might not be enough to avoid bankruptcy.
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The Broward-based company struck an aggressive and more optimistic tone Thursday during an investor update.
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A federal judge blocked JetBlue's purchase of Spirit Airlines, triggering worries about the carrier's ability to stay aloft as an independent airline.
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A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
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JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines.
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JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year. Even with Spirit shareholders accepting the buyout, the deal could face a big challenge from federal antitrust regulators. Spirit, the country's biggest budget airline, is based in Miramar, in Broward.
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JetBlue has agreed to buy Spirit Airlines in a $3.8 billion deal, a day after Spirit and Frontier Airlines agreed to abandon their merger proposal.
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Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.
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Spirit Airlines said Thursday it was again postponing a shareholder vote on a proposed merger with Frontier Airlines to continue talks with Frontier and rival bidder JetBlue Airways.
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Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6 billion offer.
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Spirit had already agreed to a proposed merger with Frontier Airlines, but JetBlue is offering more money.