JetBlue Airways offered to buy Spirit Airlines for roughly $3.6 billion in cash, the budget airline announced on Tuesday afternoon.
JetBlue argued Tuesday that their acquisition of Spirit would lead to a "customer-centric, low-fare alternative to the dominant 'Big Four' airlines."
A Jetblue Airways Airbus A320 with the registration N595JB taking off from Fort Lauderdale Airport in the United States. "Unlike the compelling Spirit-Frontier combination, an acquisition of Spirit by JetBlue, a high-fare carrier, would lead to more expensive travel for consumers," a Frontier spokesperson told Fox Business. "In particular, the significant East Coast overlap between JetBlue and Spirit would reduce competition and limit options for consumers.
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