August 11, 2022

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Frontier Airways can pay Spirit $250 million separation payment if deal goes by

Frontier Airways can pay Spirit Airways Inc. a $250 million break-up payment if regulators block a merger between the 2 airways, in response to a brand new settlement by the businesses on Thursday.

The prepare comes as Spirit SAVE,
+3.99%
tries to achieve the assist of traders its merger with Frontier
ULCC,
+0.59%
and fend off a hostile supply from competitor JetBlue Airways Corp. JBLU,
+2.83%.

https://www.marketwatch.com/story/frontier-airlines-to-pay-spirit-250-million-breakup-fee-if-deal-falls-through-11654222606?rss=1&siteid=rss Frontier Airways can pay Spirit $250 million separation payment if deal goes by

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