It will create the nation’s fifth-largest airline.
JetBlue is expected to repaint Spirit planes and fold its pilots and other employees into the JetBlue workforce.Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators.
JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Spirit announced the outcome after a brief meeting, which was held online. Spirit said only that the JetBlue deal was supported by a majority of shares voted; it promised an exact count within four business days.
Wall Street widely expected shareholders to approve the sale after they forced Spirit to drop a proposed merger with Frontier Airlines in favor of JetBlue’s richer, all-cash offer. JetBlue is expected to repaint Spirit planes and fold its pilots and other employees into the JetBlue workforce. The deal would make JetBlue the nation’s fifth-biggest airline with more than 450 planes and about 7,000 pilots and — it hopes — help it win customers from American, United, Delta and Southwest.
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