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Frontier Buying Spirit, Creating Fifth Largest Airline in Budget Carrier Merger

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✈️ The parent company of the budget carrier Frontier is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will create the nation's fifth largest air carrier.

Frontier Group Holdings Inc. and Spirit Airlines Inc. also anticipate $1 billion in annual consumer savings and are looking to expand their services with more than 350 aircraft on order.

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Sounds like they were going to claim bankruptcy if not

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