Days ahead of a investor vote at Spirit Airlines over a proposed buyout by competitor spendingplan provider Frontier, the vote was heldoff for a 4th time in a signal that the offer still doesnothave assistance from financiers.
Spirit stated Wednesday that the vote on the Frontier Airlines deal would be pressed back from Friday upuntil July 27 so that it can keep talking to Frontier and competitor bidder JetBlue Airways.
JetBlue CEO Robin Hayes stated Spirit’s board is delaying the capability of Spirit investors to vote on his airlinecompany’s deal.
Spirit, based in Miramar, Florida, stated it stays dedicated to the Frontier offer.
Frontier CEO Barry Biffle composed Sunday that Frontier is “very far” from winning a vote of Spirit investors, and he asked for a hold-up. He included that Frontier has currently made its