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Spirit delays shareholder vote on merger with Frontier for third time

By Shubhangi Mathur - Jul 07, 2022, 08:41 PM ET
Last Updated - Mar 11, 2024, 02:26 PM EDT
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Spirit Airlines Inc (NYSE: SAVE) delayed the shareholder vote on its merger with Frontier Group Holdings Inc (NASDAQ: ULCC) for the third time on Thursday

The meeting will now be held on July 15

The meeting will now be held on July 15

Spirit Airlines Inc (NYSE: SAVE) delayed the shareholder vote on its merger with Frontier Group Holdings Inc (NASDAQ: ULCC) for the third time on Thursday.

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Last week, the airline had postponed the meeting until July 8 as it struggles to reach a decision regarding its merger either with Frontier or JetBlue Airways Corp (NASDAQ: JBLU).

The meeting, which was initially scheduled on June 10, has been postponed as both Frontier and JetBlue had sweetened their offer for Spirit.

Spirit said on Thursday that the meeting will now be held on July 15.

Picture Credits: Getty Images

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