Frontier Airlines is considering a new bid for Spirit Airlines (SAVE), the Wall Street Journal reported citing sources familiar with the situation. This comes as Spirit engages in discussions with bondholders regarding the terms of a potential bankruptcy filing.
Recent talks between the two budget airlines about a possible merger are still in the early stages, and a deal may not materialize, the report noted.
In March 2024, Spirit Airlines announced cancellation of its merger agreement with JetBlue Airways. In January 2024, a U.S. court had blocked the deal on anti-competition concerns.
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