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An airplane from Frontier Airlines near a Spirit Airlines plane at Fort Lauderdale-Hollywood airport on May 16, 2022 in Fort Lauderdale, Florida.
Joe Raedle | Getty images
Borders On Wednesday he said he has proposed again to merge with a rival in difficulties Spiritual airlinesthat is in bankruptcy.
Frontier and Spirit first announced a deal for bind In 2022, but a Jetblue Airways The offer derail that plan. The acquisition proposed by Jetblue’s spirit was blocked by a federal judge last year, and Spirit requested Banking protection In November.
Frontier said in a statement that he has met with the Junta and Spirit executives since he made his proposal this month. Frontier executives said in an email to the counterparts in Spirit this week that their plan is better than Spirit’s own plan to get out of bankruptcy.
“We continue to believe that under the current independent plan, Spirit will emerge highly leverage, losing money at the operational level, and this would not be a transaction that we would follow,” wrote the president of the border, Bill Franke, and the CEO Barry Biffle in an email in an email Electronic on Tuesday to the president of the Mac Gardner spirit and the CEO Ted Christie. “As a result, time is of the essence.”
Christie and Gardner told their border counterparts that they were rejecting the agreement, qualifying the terms “inappropriate and inaccessible”, according to a shared letter in a presentation of values on Wednesday.
Spirit said he expects to get out of the bankruptcy of Chapter 11 this quarter. Recently it has reduced costs, even cutting about 200 jobs and selling some of its Airbus aircraft. The airline had also been particularly challenged by a Pratt & Whitney engine that the dozens of their planes were based.
Budget carriers such as Frontier and Spirit have fought post-pandemic, since costs such as wages have increased and consumers have opted for trips abroad with operators with more spacious options and more expensive seats.
Both the border and the spirit have been working to turn their business models marked by low rates and rates for accessories from seat allowances to cabin luggage.
The airlines last year eliminated cancellation and Change rates For some of his tickets and began to group advantages along with tickets. Frontier last year said he would begin to offer a premium section on the front of the plane.
