Day Archives: 14 February 2025

[ad_1] Spirit Airlines has rejected a third takeover attempt by rival Frontier Airlines, and will instead proceed with its own recapitalisation efforts, which it expects to complete by end-March. Frontier parent Frontier Group submitted a revised proposal to Spirit on 4 February, in which the latter’s stakeholders will receive $400 million in second-lien debt issued by Frontier, as well as 19% of Frontier’s common equity post-merger. The previous proposal, which Spirit rejected in late-January, would have required Spirit’s noteholders to invest $350 million …