Frontier Airlines said Wednesday it has again proposed combining with Spirit Airlines, which is in bankruptcy.
Frontier Airlines has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy.blocked
Frontier said in a release that it has met with Spirit's board and executives since it made its proposal this month. Frontier executives said in a email to counterparts at Spirit this week that their plan is better than Spirit's own plan to emerge from bankruptcy.
Christie and Gardner told their Frontier counterparts that they were rejecting the deal, calling the terms"inadequate and unactionable," according to a letter shared in a securities filing on Wednesday.
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