JetBlue-Spirit Airlines Proposed Deal: A Skift Timeline
Photo Credit: JetBlue and Spirit are still looking to complete their planned merger Flickr / JTOcchialini
Skift Take
The proposed JetBlue-Spirit merger has many twists and turns in the last year, and here's a look at the major developments of a deal that would shake up the airline industry.
The proposed merger of JetBlue Airways and Spirit Airlines was one of the travel industry's most watched developments in recent years, with the two carriers aiming to create the U.S.' fifth largest domestic airline.
Before JetBlue and Spirit proposed merging, Spirit was looking to join forces with Frontier Airlines. So how did the entire scenario played out? Here's a timeline of the massive planned merger, including its major developments.
February 2022: Frontier and Spirit Agree to Merge in $6.6 Billion Stock and Debt DealFrontier and Spirit unveiled plans in February 2022 to merge in a deal that would create the U.S.' fifth-largest carrier and one serving more than 145 destinations in 19 countries.
The transaction is valued at $6.6 billion, including the $2.9 billion equity value of Spirit as well as net debt and operating lease liabilities.
They aimed to close the transaction in the second half of 2022.
Several pu
