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Det er Frontier som kommer til å være i førersetet ....

Mon, February 7, 2022, 6:49 AM·2 min read
FILE PHOTO: A Spirit Airlines A320-200 airplane sits at a gate at the O'Hare Airport in Chicago, Illinois
FILE PHOTO: A Frontier Airlines Airbus A320neo plane departs from O'Hare International Airport in Chicago
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Frontier to buy Spirit Airlines in $2.9 billion low-cost carriers deal
FILE PHOTO: A Spirit Airlines A320-200 airplane sits at a gate at the O'Hare Airport in Chicago, Illinois
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(Reuters) -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to merge in a $2.9 billion deal that would create the fifth-largest U.S. airline and tighten competition against traditional carriers.

The tie-up combines stablemates of legendary airline investor Bill Franke, a pioneer of rock-bottom fares coupled with top-up charges offered by ultra low-cost carriers (ULCC).

Such airlines are a tier below Southwest Airlines, which pioneered the low-cost concept in the 1970s, and have continued to expand during the COVID-19 pandemic at the expense of larger rivals.
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The companies expect the cash-and-stock deal to accelerate investment and help take on major U.S. airlines like American Airlines Group, Delta Air Lines, Southwest Airlines and United Airlines Holdings.
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Shares of major U.S. airlines rose between 1.3% to 1.8% in premarket trade.

The Frontier-controlled business is seen adding 10,000 direct jobs by 2026, the companies said, adding that they expect to deliver $1 billion in annual consumer savings and offer more than 1,000 daily flights to over 145 destinations.

The transaction value of the deal is $6.6 billion including the assumption of net debt and operating lease liabilities, the carriers said in a statement.

Colorado-based Frontier will own 51.5% stake in the combined entity, while the remaining 48.5% will be held by Spirit's shareholders.

https://finance.yahoo.com/news/spiri...114915202.html


Og pga en systemfeil har Frontier ingen fly i luften akkurat nå ... Noen som ikke liker dealen?