May 16, 2022 SOURCE: AFP
US carrier JetBlue says launched takeover of Spirit Airlines
The American low-cost carrier JetBlue Airlines announced on Monday a hostile takeover bid for its rival Spirit Airlines.
"JetBlue has filed a 'Vote No' proxy statement and commenced an all-cash tender offer," JetBlue said in a statement, which asks Spirit shareholders to reject a proposed merger with Frontier.
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