Spirit Airways on Thursday postponed the July 8 shareholder vote on its proposed merger with Frontier Airways, already postponed as soon as earlier than, to July 15. The delay will “permit the Spirit Board of Administrators to proceed discussions with Frontier and JetBlue Airways,” the airline mentioned in a press release.
Spirit mentioned it could “reopen and instantly adjourn” its particular assembly for shareholders scheduled for July 8.
Frontier and JetBlue have been in a bidding struggle to accumulate the low-cost provider since JetBlue made its first provide in April, after Frontier and Spirit introduced their merger settlement in February.
“We’re inspired by our discussions with Spirit and are hopeful they now acknowledge that Spirit shareholders have indicated their clear, overwhelming choice for an settlement with JetBlue,” JetBlue CEO Robin Hayes mentioned in a press release.
Frontier didn’t instantly touch upon Spirit’s delay.