Spirit Airlines Inc. SAVE, +4.23% will again postpone a shareholder vote on a merger with Frontier Group Holdings Inc. ULCC, +3.76% as the carrier holds deal talks with Frontier and rival suitor Jetblue Airways Corp. JBLU, -2.26% , the company said Thursday. The delay to July 15 is the third time Spirit has put off the shareholder referendum on its planned sale to Frontier, which was first announced in February. That vote was called off last week the evening before the vote—and pushed to July 8. As votes came ahead of last week’s planned vote, it looked like it would be difficult for the Frontier deal to gain approval by shareholders, The Wall Street Journal reported. There are no guarantees they will, and Frontier would have an opportunity to alter its offer should they do so.

Source: Wall Street Journal July 08, 2022 03:39 UTC