JBLU

JetBlue Comments on Spirit’s Adjournment of Special Meeting

Retrieved on: 
Thursday, June 30, 2022
Air, Transport, Transportation, Vacation, Destinations, Travel, Annual report, Board of directors, Shearman, Securities Exchange Act of 1934, Securities Act of 1933, Money transmitter, Travel, Fortification, LLP, U.S. Securities and Exchange Commission, Behavior, Letter, Special, SPIRIT, Disease, JBLU, Public health, Forward-looking statement, BLUE, ALL, NYSE, Private Securities Litigation Reform Act, Frontier, Goldman Sachs, SEC, City, NASDAQ, Shearman & Sterling, Ouija, Coronavirus, Management, Airline, Security (finance), Auction, JetBlue, Spirit

Its clear that Spirit shareholders have now handed the Spirit Board an undeniable mandate to reach an agreement with JetBlue.

Key Points: 
  • Its clear that Spirit shareholders have now handed the Spirit Board an undeniable mandate to reach an agreement with JetBlue.
  • Goldman Sachs & Co. LLC is serving as JetBlues financial advisor and Shearman & Sterling LLP is serving as JetBlues legal advisor.
  • JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan.
  • JetBlue carries customers to more than 100 cities throughout the United States, Latin America, Caribbean, Canada, and United Kingdom.

Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders

Retrieved on: 
Wednesday, June 29, 2022
Transportation, Air, Transport, Travel, Frontier Airlines Holdings, Securities Act of 1933, Tripura Merger Agreement, Securities Exchange Act of 1934, Travel, Attention, SPIRIT, JetBlue, Register, Sale, COVID-19, Failure, Company, Goal, Growth, Industry, JBLU, U.S. Securities and Exchange Commission, Prospectus, BY, Form, Frontier Airlines, Public expenditure, Human, THE, Security (finance), Registration statement, NYSE, Private Securities Litigation Reform Act, Communication, Spirit Airlines, Airline, ULCC, Investor relations, SEC, Risk, NASDAQ, Ouija, AND, Special, Holding company, Shareholder, Frontier, Spirit

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.

In Message to Crewmembers, JetBlue Highlights Benefits to Travelers from a Combined JetBlue-Spirit

Retrieved on: 
Wednesday, June 29, 2022
Transportation, Air, Transport, Travel, Geography, Annual report, Dance, Acquisition, Securities Exchange Act of 1934, Securities Act of 1933, Money transmitter, Travel, Fortification, U.S. Securities and Exchange Commission, Behavior, Air travel, Letter, SPIRIT, Growth, Disease, JBLU, Aircraft, Public health, Forward-looking statement, BLUE, ALL, NYSE, Private Securities Litigation Reform Act, Frontier, SEC, Airbus, City, NASDAQ, Coronavirus, Management, Airline, Security (finance), Auction, JetBlue, Spirit

If Spirit shareholders vote down the Frontier proposal, the Spirit board will need to reconsider the very clear benefits of our offer.

Key Points: 
  • If Spirit shareholders vote down the Frontier proposal, the Spirit board will need to reconsider the very clear benefits of our offer.
  • Customers would win with a bigger JetBlue the unique combination of our beloved brand, award-winning service, and everyday low fares force the high-fare legacies to compete.
  • A Frontier-Spirit tie-up is a missed opportunity for increased competition and denies Customers an attractive alternative to bare-bones travel.
  • This growth would be great for JetBlue Crewmembers too as a bigger JetBlue offers more career opportunities.

JetBlue Issues Letter to Spirit Shareholders

Retrieved on: 
Wednesday, June 29, 2022
Other Travel, Transportation, Destinations, Travel, Other Transport, Vacation, Air, Transport, Annual report, Negotiation, Securities Exchange Act of 1934, Securities Act of 1933, Money transmitter, Probability, Travel, Fortification, U.S. Securities and Exchange Commission, Behavior, Letter, Failure, SPIRIT, Disease, JBLU, Public health, Forward-looking statement, BLUE, Perception, ALL, NYSE, Private Securities Litigation Reform Act, Frontier, SEC, City, NASDAQ, Ouija, Coronavirus, Management, Cryptocurrency, Lease, Online gambling, Risk management, Security (finance), Auction, JetBlue, Spirit

JetBlue (NASDAQ: JBLU) today issued an open letter to shareholders of Spirit (NYSE: SAVE).

Key Points: 
  • JetBlue (NASDAQ: JBLU) today issued an open letter to shareholders of Spirit (NYSE: SAVE).
  • Tomorrow, Spirit shareholders have YOUR chance to help assure you receive the most value for your Spirit shares by voting AGAINST the Frontier transaction.
  • The entrenched Spirit Board needs to know that you, their shareholders, want our better offer.
  • Multiple Spirit directors have significant ties to Frontiers controlling shareholder, Bill Franke, resulting in a conflicted Spirit Board more focused on securing an inferior transaction with Frontier than maximizing value for its own shareholders.

JetBlue’s Soar with Reading Initiative Lands in Newark, NJ with Free Digital Book Vending Machines in Five Locations Throughout the City This Summer

Retrieved on: 
Tuesday, June 28, 2022
Women, Parenting, Children, Air, Transport, Men, Family, Transportation, Consumer, Travel, Lee & Low Books, Candlewick Press, Achievement, Research, Fortification, DEI, Book, Simon & Schuster, Steinhardt, Public, JBLU, Bonnier Group, HarperCollins, Ricoh, Literature, Human, Steinhardt School of Culture, Education, and Human Development, NYU, Environment, Literacy, Imagination, Reading, City, CSR, Instagram, Twitter, Parent, Program, Multimedia, Penguin Random House, Education, Airline, Toy, JetBlue, Facebook

View the full release here: https://www.businesswire.com/news/home/20220628005979/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220628005979/en/
    Beginning today, JetBlues five free digital book vending machines are available to visitors throughout the wards of Newark.
  • The vending machines hold a diverse selection of titles and allows visitors the opportunity to search by various categories including title and author, as well as suggested reading level.
  • To date, JetBlue, through its Soar with Reading initiative, has donated more than $4 million worth of books to children in need.
  • "For more than a decade, JetBlue has been dedicated to eradicating book inequality through our Soar with Reading Program," said Icema Gibbs, vice president CSR and DEI, JetBlue.

JetBlue Welcomes Support for Superior Offer to Acquire Spirit

Retrieved on: 
Tuesday, June 28, 2022
Air, Transport, Other Travel, Transportation, Destinations, Travel, Other Transport, Annual report, Acquisition, Securities Exchange Act of 1934, Securities Act of 1933, Right to Make Transmittable, Travel, Fortification, U.S. Securities and Exchange Commission, Behavior, Hearing, Letter, SPIRIT, Disease, JBLU, Public health, Forward-looking statement, TIG, BLUE, ISS, Institutional Shareholder Services, ALL, NYSE, Private Securities Litigation Reform Act, SEC, City, NASDAQ, Ouija, Coronavirus, Management, Security (finance), Auction, JetBlue, Frontier, Spirit

JetBlue (NASDAQ: JBLU) today welcomed the recent public support in favor of its clearly superior offer to acquire Spirit (NYSE: SAVE).

Key Points: 
  • JetBlue (NASDAQ: JBLU) today welcomed the recent public support in favor of its clearly superior offer to acquire Spirit (NYSE: SAVE).
  • At the same time, the addition of the ticking fee in the JetBlue offer a provision without a counterpart in the Frontier offer provides a further level of regulatory risk mitigation.
  • Our decisively superior offer is being recognized by Spirit shareholders and proxy advisors as providing more for Spirit shareholders than the ill-fated Frontier merger, which the conflicted Spirit Board has entered into, said Robin Hayes, chief executive officer, JetBlue.
  • Shareholders can send a clear message to the Spirit Board by voting No at the upcoming Spirit special meeting.

JetBlue Travel Products Extends Long-Term Relationship with Allianz Partners USA

Retrieved on: 
Tuesday, June 28, 2022
Professional Services, Air, Transport, Insurance, Vacation, Travel, Insurance, Travel, CEO, Epidemic, Fortification, Quarantine, JetBlue, Allianz, License, Letter, COVID-19, Population, Allianz Global Investors, Industry, Certificate, JBLU, Noninsured Assistance Program, Health insurance coverage in the United States, NY, Administrative Office of the United States Courts, Partnership, Superior, OH, City, Paisley (design), NASDAQ, Government, Safety, Thought, Airline, Tourism

JetBlue Travel Products, a subsidiary of JetBlue Airways (NASDAQ:JBLU), today announced a multi-year partnership extension with Allianz Partners USA, bolstering their relationship for the busy summer season and beyond.

Key Points: 
  • JetBlue Travel Products, a subsidiary of JetBlue Airways (NASDAQ:JBLU), today announced a multi-year partnership extension with Allianz Partners USA, bolstering their relationship for the busy summer season and beyond.
  • The contract re-affirms Allianz Partners as the official travel insurance provider of JetBlue Airways and JetBlue Travel Products.
  • JetBlue Travel Products also announced that JetBlue Vacations Travel Experts will now be able to offer Allianz Travel Insurance plans over the phone to customers purchasing JetBlue Vacations packages.
  • Through our extended partnership with Allianz Partners, were giving our customers more insurance options, so they can feel comfortable and prepared for their unique travel needs, said Andres Barry, president, JetBlue Travel Products.

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
Banking, Professional Services, Finance, Acquisition, JetBlue, Failure, Spirit Airlines, JBLU, TIG, Alignment, LLC, NYSE, Frontier, ULCC, NASDAQ, Time, Board, Leadership, Engagement, Director, Financial adviser, Risk management, Holding company, Management, Spirit

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.

JetBlue Modifies Superior Offer After Consultation with Shareholders

Retrieved on: 
Monday, June 27, 2022
Other Travel, Air, Transportation, Transport, Travel, Annual report, Securities Exchange Act of 1934, Securities Act of 1933, Money transmitter, Time, Travel, Fortification, U.S. Securities and Exchange Commission, Behavior, Letter, SPIRIT, Disease, JBLU, Public health, Forward-looking statement, Face, BLUE, ALL, NYSE, Private Securities Litigation Reform Act, NOT, SEC, City, NASDAQ, ALPA, Ouija, Coronavirus, Risk management, Security (finance), Holding company, Sales, Bank, Management, Cryptocurrency, Auction, JetBlue, Frontier, Spirit

JetBlue continues to encourage Spirit shareholders to vote AGAINST Frontiers inferior offer.

Key Points: 
  • JetBlue continues to encourage Spirit shareholders to vote AGAINST Frontiers inferior offer.
  • After engagement and consultation with shareholders and positive investor reaction to the value and certainty of JetBlues offer, JetBlue today amended its already superior proposal:
    Increased accelerated prepayment to $2.50 per share, structured as a cash dividend to Spirit shareholders promptly following the Spirit shareholder vote approving the combination between Spirit and JetBlue (subject to CARES Act limitations).
  • After the Spirit Boards failure to recognize our decisively superior offer, weve discussed our offer directly with Spirit shareholders and are now modifying our proposal in response to shareholders expressed interest, to include a monthly payment for shareholders, with the certainty of a significant cash premium at closing, said Robin Hayes, chief executive officer, JetBlue.
  • It is clear the market agrees the JetBlue offer is good for Spirit shareholders.

JetBlue Comments on Frontier-Spirit Announcement

Retrieved on: 
Saturday, June 25, 2022
Transport, Air, Review, Annual report, Aircraft, Securities Exchange Act of 1934, Securities Act of 1933, Money transmitter, Travel, Fortification, U.S. Securities and Exchange Commission, Behavior, Letter, SPIRIT, Ownership, Disease, JBLU, Public health, Forward-looking statement, BLUE, ALL, NYSE, Private Securities Litigation Reform Act, Frontier, SEC, City, NASDAQ, Ouija, Coronavirus, Security (finance), Management, Risk management, Auction, JetBlue, Spirit

JetBlue offers $33.50 per Spirit share in cash, a very significant 38%1 premium to the implied market value of the amended Frontier transaction.

Key Points: 
  • JetBlue offers $33.50 per Spirit share in cash, a very significant 38%1 premium to the implied market value of the amended Frontier transaction.
  • JetBlue and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of Spirit common stock.
  • JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan.
  • JetBlue carries customers to more than 110 cities throughout the United States, Latin America, Caribbean, Canada, and United Kingdom.