The once rumoured Frontier/Spirit merger lies in tatters, and in its place, the newest challenger emerges triumphant. Bolstered by its higher, all-cash offer, JetBlue and Spirit have announced that their boards of directors have approved a definitive merger agreement between the two airlines, in a move that will create a low-fare carrier to rival the big four US airlines.
“We are excited to deliver this compelling combination that turbocharges our strategic growth, enabling JetBlue to bring our unique blend of low fares and exceptional service to more customers, on more routes,” said Robin Hayes, chief executive officer, JetBlue.
Ted Christie, president and chief executive officer, Spirit, said, “We are thrilled to unite with JetBlue through our improved agreement to create the most compelling national low-fare challenger to the dominant U.S. carriers, and we look forward to working with JetBlue to complete the transaction. Bringing our two airlines together will be a game changer, and we are confident that JetBlue will deliver opportunities for our Guests and Team Members with JetBlue’s unique blend of low fares and award-winning service.”
Benefits of this merger include:
- Expands the reach of JetBlue’s sustainability leadership
- Delivers significant value to stockholders of both airlines
- Creates job growth and career opportunities for Crew and Team Members
- Accelerate JetBlue’s growth plan by leveraging complementary networks and fleets