Skip to Content

Frontier, Spirit add $250 million breakup fee to merger deal

DENVER (AP) — Frontier Airlines is sweetening its offer for Spirit Airlines just a week before Spirit shareholders vote on the deal. Spirit and Frontier said late Thursday that they have amended their agreement, and Frontier will pay a $250 million termination fee if it can’t complete the deal. JetBlue, which is also trying to buy Spirit, has already offered a $200 million breakup fee. Shareholders of Florida-based Spirit are scheduled to vote June 10 on Frontier’s stock and cash offer. JetBlue is asking Spirit shareholders to reject the Frontier bid and tell the Spirit board to negotiate with JetBlue.

Article Topic Follows: AP National Business
Author Profile Photo

The Associated Press


News Channel 3-12 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content