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,
tries to achieve the assist of traders its merger with Frontier
and fend off a hostile supply from competitor JetBlue Airways Corp. JBLU,
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