JetBlue Agrees to Buy Spirit in $3.8 Billion Deal to Create 5th-Largest U.S. Airline

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JetBlue Airways Reaches Deal to Buy Spirit Airlines

JetBlue's surprise, all-cash bid for Spirit in April had thrown Spirit's plan to combine with fellow discounter Frontier into question. For months, Frontier and JetBlue competed for Spirit, each sweetening their offers, until the original merger plan fell apart earlier Wednesday, clearing the way for JetBlue.

Spirit said it planned to continue talks to sell itself to JetBlue after ending the Frontier agreement. JetBlue executives have argued for months that buying Spirit would help it compete with large carriers like

 

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