The Frontier Airlines aircraft near the Spirit Airlines aircraft at the Fort Lauderdale-Hollywood international airport on May 16, 2022 at Fort Lauderdale, Florida.
Joe Raedle Getty images
Bankrupt Spirit Airlines He said she had rejected the new merger offer of a competitive budget carrier Frontier Airlines.
Frontier said on Wednesday that he met with the management of Spirit and management because he made a proposal to combine debt and magazine at the beginning of this month. The management of Frontier told We -Mail to the counterparts in Spirit this week that their plan is better than their own Spirit plan to emerge from bankruptcy.
“We still believe that, according to the current independent plan, Spirit will appear strongly abandoned, losing money at the operational level, and it would not be a transaction that we would strive,” wrote the chairman of Frontier Bill Franke and the general director of Barry Biffle on Tuesday E -Mail on Tuesday on Tuesday E -Mail chairman Spirit Mac Gardner and general director Ted Christie. “As a result, time is important.”
Christie and Gardner told their counterparts to Frontier that they were rejecting the contract, calling the terms “inappropriate and unsecured”, in accordance with the letter divided into the assembly of securities on Wednesday.
The new Frontier's fusion plan has offered $ 400 million to debtors and 19% of the front of the Frontier.
Frontier and Spirit first announced a contract to combine in 2022, but a Jetblue Airways The All-Cash offer derailed this plan. The planned acquisition of the spirit of Jetblue was blocked by a federal judge last year, and the spirit submitted a request Protection against bankruptcy in November.
Spirit said that he was expecting to leave Chapter 11 in this quarter and has the date of the court on February 13 to finalize his plan, which erases the shareholders of debtors. In recent months he has raced to reduce costs, including by reducing about 200 jobs and selling some Airbus aircraft.
Budget carriers, such as border and spirit he fought Postpandemics, because costs such as salaries have increased, and consumers decided on trips abroad on carriers with options for Roomier I more expensive places. Spirit was also particularly questioned by the Pratt & Whitney engine, which grounded dozens of jet.
Both the Frontier and Spirit are working on increasing their business models, which were marked by low tariffs and add -on fees, from the tasks sitting to the cabin.
Last year, airlines remove cancellation and Change the fees For some tickets and began to combine benefits with tickets. Last year, Frontier said that he would start offering the premium section on the front of the aircraft.