{"id":510012,"date":"2022-07-29T11:52:49","date_gmt":"2022-07-29T06:22:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510012"},"modified":"2022-07-29T11:52:49","modified_gmt":"2022-07-29T06:22:49","slug":"jetblue-agrees-to-buy-spirit-for-3-8-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jetblue-agrees-to-buy-spirit-for-3-8-billion\/","title":{"rendered":"JetBlue agrees to buy Spirit for $3.8 billion"},"content":{"rendered":"<p>JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation&#8217;s fifth largest airline if approved by US regulators. The agreement on Thursday comes a day after Spirit&#8217;s attempt to merge with Frontier Airlines fell apart. Spirit had recommended its shareholders approve a lower offer from Frontier, saying that antitrust regulators are more likely to reject the bid from JetBlue.<\/p>\n<p>JetBlue said on Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There&#8217;s also a ticking fee of 10 cents per month starting in January 2023 through closing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation&#8217;s fifth largest airline if approved by US regulators. The agreement on Thursday comes a day after Spirit&#8217;s attempt to merge with Frontier Airlines fell apart. Spirit had recommended its shareholders approve a lower offer from Frontier, saying that antitrust regulators are more likely to reject the bid from JetBlue. JetBlue said on Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There&#8217;s also [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-510012","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=510012"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510012\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}