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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.

TIG Advisors Sends Letter to Spirit Airlines Board Regarding its Intention to Vote “AGAINST” Proposed Merger with Frontier Group Holdings

Retrieved on: 
Tuesday, June 28, 2022
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We are writing to the Board of Directors (the Board) to share our views on the ongoing sales process involving Frontier Group Holdings, Inc. (NASDAQ: ULCC) (Frontier) and JetBlue Airways Corp. (NASDAQ: JBLU) (JetBlue).

Key Points: 
  • We are writing to the Board of Directors (the Board) to share our views on the ongoing sales process involving Frontier Group Holdings, Inc. (NASDAQ: ULCC) (Frontier) and JetBlue Airways Corp. (NASDAQ: JBLU) (JetBlue).
  • JetBlue has made its commitment clear, compensating Spirit shareholders with $470 million in the form of an upfront payment and a ticking fee.
  • Worse still, Spirit shareholders have an opportunity more easily participate in an airline recovery without being tied up in the complex Frontier deal scenario.
  • Spirit has relentlessly pressured the market to believe that a JetBlue merger has no chance of receiving antitrust approval.

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.

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 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.

Frontier Airlines and Spirit Airlines Moving Forward to Create America’s Most Competitive Ultra-Low Fare Airline

Retrieved on: 
Thursday, May 19, 2022
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DENVER, May 19, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today commented on Spirit Airlines’ (“Spirit”) (NYSE: SAVE) announcement that it is urging shareholders to reject JetBlue Airways’ (“JetBlue”) unsolicited tender offer to acquire all outstanding shares of Spirit's common stock.

Key Points: 
  • We are working with Spirit to complete our merger and create a true nationwide ultra-low fare airline to compete against the dominant Big Four airlines and other high-cost airlines, including JetBlue.
  • We remain focused on moving forward with Spirit to drive competition and deliver enhanced value to all of our stakeholders.
  • Once combined, Frontier and Spirit expect to deliver annual run-rate operating synergies of $500 million after full integration is completed.
  • All forward-looking statements in this communication are based upon information available to Frontier and Spirit on the date of this communication.

Spirit Airlines to Discuss Board's Decision to Reject JetBlue Tender Offer

Retrieved on: 
Monday, May 23, 2022
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MIRAMAR, Fla., May 23, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it will host a conference call for analysts to discuss the Spirit Board of Directors' decision to reject the unsolicited tender offer from JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU) and its recommendation that stockholders vote FOR the merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc.

Key Points: 
  • ET
    MIRAMAR, Fla., May 23, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it will host a conference call for analysts to discuss the Spirit Board of Directors' decision to reject the unsolicited tender offer from JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU) and its recommendation that stockholders vote FOR the merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc.
  • As previously announced, Spirit Airlines, Inc. entered into a merger agreement with Frontier Group Holdings, Inc. on February 5, 2022.
  • Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky.
  • Spirit has filed a solicitation/recommendation statement with respect to the tender offer with the Securities and Exchange Commission ("SEC").