Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the years since the companies began discussing a merger.

Spirit Airlines rejected another acquisition offer by Frontier Airlines to combine the operations of both airlines, standing firm to its decision back in 2022 to reject a similar takeover. While Spirit remains in bankruptcy,

Spirit and Frontier started talks to merge their operations, but the process hit a snag when JetBlue Airways swooped in with a bolder $4 billion offer in March 2024.

Spirit Airlines again rejected Frontier Airlines’s latest takeover bid, opting to instead focus on its restructuring process to bolster financial stability.  Spirit, an ultra-low-cost airline,

(AP Photo/David J. Phillip, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy ...

The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit Airlines.

After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition, Spirit Airlines has a new plan.

Spirit’s approval comes after the third merger attempt by Denver-based ULCC Frontier Airlines, part of a back-and-forth process between the two budget carriers that dates back to 2022 when Frontier made a run for Spirit but was usurped by JetBlue.

Feb. 12 (UPI) --Spirit Airlines Tuesday rejected Frontier's most recent merger proposal, opting to proceed with its own standalone recapitalization without a merger instead. Spirit Airlines said ...

Spirit Airlines rejected Frontier's revised $2.16 billion acquisition offer, which was similar to an earlier proposal but with fewer conditions; Spirit countered with a demand for $600 million in debt and $1.

Spirit contended that Frontier's latest proposal would deliver less in value to the company's stakeholders than its existing reorganization plan.

While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time, got even smaller.