Frontier Airlines

Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders

Retrieved on: 
Wednesday, June 29, 2022
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Spirit Airlines, Inc. (Spirit or the Company) (NYSE:SAVE) today announced that it intends to open and immediately adjourn its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., to allow the Spirit Board of Directors to continue discussions with Frontier and JetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU) and to continue to solicit proxies from its stockholders with respect to the Special Meeting.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE:SAVE) today announced that it intends to open and immediately adjourn its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., to allow the Spirit Board of Directors to continue discussions with Frontier and JetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU) and to continue to solicit proxies from its stockholders with respect to the Special Meeting.
  • All stockholders of record as of the close of business on May 6, 2022 are entitled to vote at the Special Meeting.
  • Valid proxies submitted by stockholders prior to the adjourned Special Meeting will continue to be valid for purposes of the reconvened Special Meeting.
  • Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky.

Spirit Airlines Highlights Must-See CNBC Interview of President and CEO Ted Christie with Jim Cramer Regarding Frontier Merger

Retrieved on: 
Wednesday, June 29, 2022
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Now look, I am not a lawyer I have counsel but didnt speak to them about this but I just know enough.

Key Points: 
  • Now look, I am not a lawyer I have counsel but didnt speak to them about this but I just know enough.
  • In addition, today Spirit released a new video of Mr. Christie urging Spirit stockholders to vote FOR the merger agreement with Frontier on the WHITE proxy card.
  • Frontier and Spirit also plan to file other relevant documents with the SEC regarding the proposed transaction.
  • All forward-looking statements in this communication are based upon information available to Frontier and Spirit on the date of this communication.

Frontier Airlines Issues Open Letter to Spirit Airlines Stockholders Highlighting Greater Value and Clearer Pathway to Close Than JetBlue Proposal

Retrieved on: 
Monday, June 27, 2022
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DENVER, June 27, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today issued the following letter to Spirit Airlines’ (“Spirit”) (NYSE: SAVE) stockholders regarding Frontier’s proposed merger with Spirit.

Key Points: 
  • Frontier Airlines (Nasdaq: ULCC) is committed to Low Fares Done Right.
  • The Form S-4 was declared effective on May 11, 2022 and the prospectus/proxy statement was first mailed to Spirit stockholders on May 11, 2022.
  • Frontier and Spirit also plan to file other relevant documents with the SEC regarding the proposed transaction.
  • All forward-looking statements in this communication are based upon information available to Frontier and Spirit on the date of this communication.

Spirit Airlines Board of Directors to Review Revised Proposal from JetBlue

Retrieved on: 
Monday, June 20, 2022
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Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.
  • Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's revised proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders.
  • As previously disclosed, Spirit is continuing to engage in discussions with JetBlue and is continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier.
  • As part of this process, Frontier and JetBlue have been given access to the same extensive due diligence information, on the same terms.

Griffin Global Asset Management Announces the Agreement to Purchase and Leaseback Seven Airbus A320-200neos and Two Airbus A321-200neos with JetSMART

Retrieved on: 
Thursday, June 16, 2022
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DUBLIN, Ireland, June 16, 2022 (GLOBE NEWSWIRE) -- Griffin Global Asset Management ("Griffin") is pleased to announce the agreement to purchase and leaseback seven Airbus A320-200neo and two Airbus A321-200neo aircraft with JetSMART, a South American ultra low-cost carrier.

Key Points: 
  • DUBLIN, Ireland, June 16, 2022 (GLOBE NEWSWIRE) -- Griffin Global Asset Management ("Griffin") is pleased to announce the agreement to purchase and leaseback seven Airbus A320-200neo and two Airbus A321-200neo aircraft with JetSMART, a South American ultra low-cost carrier.
  • "We are pleased to welcome JetSMART to our growing list of airline partners.
  • Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland, Puerto Rico and Los Angeles, CA.
  • JetSMART customers benefit from an extensive point-to-point route network which connects secondary cities on direct flights throughout the region at ultra-low fares available at: www.jetsmart.com

The Wings Club Foundation Announces Bill Franke as Its 2022 Distinguished Achievement Award Recipient

Retrieved on: 
Wednesday, June 15, 2022
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The Wings Club Foundation, Inc. is pleased to announce that Bill Franke, Managing Partner, Indigo Partners LLC, will be the recipient of this years Distinguished Achievement Award.

Key Points: 
  • The Wings Club Foundation, Inc. is pleased to announce that Bill Franke, Managing Partner, Indigo Partners LLC, will be the recipient of this years Distinguished Achievement Award.
  • Acknowledging Mr. Frankes outstanding accomplishments in the field of aviation, The Wings Club Foundation will present this award on Oct. 28, 2022, at the 80th Annual Awards Gala to be held at the New York Hilton Midtown in New York.
  • The Wings Club Foundation, Inc., is a 501(c)(3) charitable organization.
  • The Wings Club Foundation comprises more than 1,000 members including industry leaders, pilots, professionals in related service organizations, and students of aviation.

Spirit Airlines Postpones Special Meeting of Stockholders Until June 30, 2022

Retrieved on: 
Wednesday, June 8, 2022
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Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that it postponed its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., until June 30, 2022 at 9 AM ET.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that it postponed its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., until June 30, 2022 at 9 AM ET.
  • The Special Meeting was postponed to allow the Spirit Board of Directors to continue discussions with Spirit stockholders, Frontier and JetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU).
  • Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky.
  • The Form S-4 was declared effective on May 11, 2022 and the prospectus/proxy statement was first mailed to Spirit stockholders on May 11, 2022.

Spirit Airlines Board of Directors to Review Updated Proposal from JetBlue

Retrieved on: 
Monday, June 6, 2022
Transportation, Air, Transport, Travel, Public expenditure, Ouija, Martha Plimpton, Goal, Spirit Airlines, Company, JetBlue, Frontier Airlines, THE, Airline, Securities Exchange Act of 1934, Paul, Weiss, Rifkind, Wharton & Garrison, Registration statement, Investor relations, Securities Act of 1933, Form, AND, Register, Security (finance), Tripura Merger Agreement, Barclays, Morgan Stanley, U.S. Securities and Exchange Commission, Failure, Travel, SPIRIT, BY, Sale, Risk, Growth, Private Securities Litigation Reform Act, NYSE, COVID-19, JBLU, Prospectus, SEC, Human, Industry, Board, DeBevoise, Attention, Communication, Management, Spirit, Frontier

Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of an updated proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of an updated proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.
  • Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders.
  • The Board will conduct this evaluation in accordance with the terms of the Company's merger agreement with Frontier and respond in due course.
  • Spirit has filed a solicitation/recommendation statement with respect to the tender offer with the Securities and Exchange Commission ("SEC").

Spirit Airlines Announces Glass Lewis Recommendation that Stockholders Vote FOR the Proposed Merger with Frontier

Retrieved on: 
Friday, June 3, 2022
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Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that leading independent proxy advisory firm Glass, Lewis & Co. (Glass Lewis) has recommended that Spirit stockholders vote FOR the proposed merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that leading independent proxy advisory firm Glass, Lewis & Co. (Glass Lewis) has recommended that Spirit stockholders vote FOR the proposed merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc.
    We are pleased that Glass Lewis supports our Boards unanimous recommendation to vote FOR the merger with Frontier, said Ted Christie, President and CEO of Spirit.
  • I want to remind all Spirit stockholders that not voting will have the same effect as a vote against the merger.
  • As previously announced, Spirit Airlines, Inc. entered into a merger agreement with Frontier Group Holdings, Inc. on February 5, 2022.
  • The Spirit Board of Directors unanimously recommends that stockholders vote FOR all proposals relating to the transaction with Frontier.

Frontier Airlines to Participate in the 15th Annual Wolfe Research Global Transportation & Industrials Conference

Retrieved on: 
Friday, May 20, 2022
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DENVER, May 20, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, President and CEO, and Ted Christie, President and CEO of Spirit Airlines, Inc., will participate in a joint panel with Scott Group at the 15th Annual Wolfe Research Global Transportation & Industrials Conference on Thursday, May 26, 2022 at 9:45am ET.

Key Points: 
  • DENVER, May 20, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc., parent company of Frontier Airlines, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, President and CEO, and Ted Christie, President and CEO of Spirit Airlines, Inc., will participate in a joint panel with Scott Group at the 15th Annual Wolfe Research Global Transportation & Industrials Conference on Thursday, May 26, 2022 at 9:45am ET.
  • A link to the live webcast of the presentation can be found on the investor relations page of Frontiers website at https://ir.flyfrontier.com/news-and-events/events.
  • Frontier Airlines (NASDAQ: ULCC) is committed to Low Fares Done Right.
  • Headquartered in Denver, Colorado, the company operates more than 100 A320 family aircraft and has the largest A320neo fleet in the U.S.