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Spirit Airlines Rejects Takeover Bid From Frontier Airlines And Will Focus On Chapter 11 Bankruptcy Process Alone
Spirit Airlines has once again rejected a takeover bid by rival ultra-low-cost airline Frontier, saying that it will pursue its Chapter 11 bankruptcy and recapitalization alone. It emerged late last month that Denver-based Frontier Airlines wanted to acquire embattled competitor Spirit in a $400 million deal that would create the fifth-largest airline in the United… The post Spirit Airlines Rejects Takeover Bid From Frontier Airlines And Will Focus On Chapter 11 Bankruptcy Process Alone appeared first on PYOK.
Spirit Airlines has once again rejected a takeover bid by rival ultra-low-cost airline Frontier, saying that it will pursue its Chapter 11 bankruptcy and recapitalization alone. It emerged late last month that Denver-based Frontier Airlines wanted to acquire embattled competitor Spirit in a $400 million deal that would create the fifth-largest airline in the United…
The post Spirit Airlines Rejects Takeover Bid From Frontier Airlines And Will Focus On Chapter 11 Bankruptcy Process Alone appeared first on PYOK.
