{"id":127640,"date":"2022-06-06T18:00:00","date_gmt":"2022-06-06T18:00:00","guid":{"rendered":"https:\/?p=127640"},"modified":"2022-06-06T21:41:18","modified_gmt":"2022-06-06T21:41:18","slug":"jetblue-submits-new-improved-superior-proposal-to-acquire-spirit","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/06\/jetblue-submits-new-improved-superior-proposal-to-acquire-spirit.html","title":{"rendered":"JetBlue submits new improved superior proposal to acquire Spirit"},"content":{"rendered":"\n<p><strong>JetBlue<\/strong> monday announced that it has submitted an improved proposal to the Board of Directors of Spiritto acquire all of the outstanding common stock of <strong>Spirit Airlines<\/strong>.<\/p>\n\n\n\n<p><em><strong>\u2192 <a href=\"https:\/en\/2022\/06\/jetblue-delays-launch-of-flights-boston-london.html\">JetBlue delays launch of flights between Boston and London.<\/a><\/strong><\/em><\/p>\n\n\n\n<p>JetBlue\u2019s proposal is a further update to its previous proposals, and offers Spirit stockholders demonstrably superior value, more regulatory protections, and the prepayment of a portion of cash consideration:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Enhanced reverse break-up fee: <\/strong>JetBlue would provide a $350 million ($3.20 per Spirit share1) reverse break-up fee, payable to Spirit in the unlikely event the transaction is not consummated for antitrust reasons. This represents an increase of $150 million, or $1.37 per Spirit share, to the reverse break-up fee JetBlue has previously offered to pay, and is $100 million greater than the amount being offer by Frontier.<\/li><li><strong>Accelerated prepayment of $1.50 per share:<\/strong> JetBlue would prepay $1.50 per share in cash (approximately $164 million) of the reverse break-up fee, structured as a cash dividend to Spirit stockholders promptly following the Spirit stockholder vote approving the combination between Spirit and JetBlue.<\/li><li><strong>Superior, all-cash premium: <\/strong>JetBlue\u2019s proposal offers Spirit stockholders aggregate consideration of $31.50 per share in cash, comprised of $30 per share in cash at the closing of the transaction and the prepayment of $1.50 per share of the reverse break-up fee.<\/li><\/ul>\n\n\n\n<p>\u201cCombining JetBlue and Spirit would create a true national competitor to the dominant legacy carriers, delivering low fares and a great experience for more customers, more opportunities and good paying jobs for crew members, and more value for stockholders. The key features of our Improved Proposal \u2013 the up-front cash payment and increased reverse break-up fee \u2013 reflect the seriousness of our commitment and underscore our confidence in completing this transaction. Additionally, given the similar regulatory risks of the two transactions and the increased reverse break-up fee we are prepared to provide, we believe our Improved Proposal remains a Superior Proposal by any measure\u201d, JetBlue CEO Robin Hayes said in a letter sent to Spirit&#8217;s board of directors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-8a65fe2c     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"417\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/jetsmart-launches-all-you-can-fly-annual-membership-for-unlimited-flights-across-south-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/JetSmart-All-You-Can-Fly.webp\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/JetSmart-All-You-Can-Fly.webp 800w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/JetSmart-All-You-Can-Fly-300x150.webp 300w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/JetSmart-All-You-Can-Fly-768x384.webp 768w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/JetSmart-All-You-Can-Fly-380x190.webp 380w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<h4 class=\"uagb-post__title uagb-post__text\">\n\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/jetsmart-launches-all-you-can-fly-annual-membership-for-unlimited-flights-across-south-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">JetSmart Launches &#8220;All You Can Fly&#8221;: Annual Membership for Unlimited Flights Across South America<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/jetsmart-launches-all-you-can-fly-annual-membership-for-unlimited-flights-across-south-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/regional-alliance-at-fidae-seven-countries-promote-sustainable-aviation-fuel-saf-corridor-in-latin-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Alianza-regional-para-combustible-SAF-en-America-Latina.webp\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Alianza-regional-para-combustible-SAF-en-America-Latina.webp 800w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Alianza-regional-para-combustible-SAF-en-America-Latina-300x150.webp 300w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Alianza-regional-para-combustible-SAF-en-America-Latina-768x384.webp 768w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Alianza-regional-para-combustible-SAF-en-America-Latina-380x190.webp 380w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<h4 class=\"uagb-post__title uagb-post__text\">\n\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/regional-alliance-at-fidae-seven-countries-promote-sustainable-aviation-fuel-saf-corridor-in-latin-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Regional Alliance at FIDAE: Seven Countries Promote Sustainable Aviation Fuel (SAF) Corridor in Latin America<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/regional-alliance-at-fidae-seven-countries-promote-sustainable-aviation-fuel-saf-corridor-in-latin-america.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/copa-airlines-resumes-flights-to-valencia-advancing-recovery-of-its-destination-network-in-venezuela.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Copa-Airlines-Reanudacion-vuelos-a-Valencia.webp\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Copa-Airlines-Reanudacion-vuelos-a-Valencia.webp 800w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Copa-Airlines-Reanudacion-vuelos-a-Valencia-300x150.webp 300w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Copa-Airlines-Reanudacion-vuelos-a-Valencia-768x384.webp 768w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Copa-Airlines-Reanudacion-vuelos-a-Valencia-380x190.webp 380w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<h4 class=\"uagb-post__title uagb-post__text\">\n\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/copa-airlines-resumes-flights-to-valencia-advancing-recovery-of-its-destination-network-in-venezuela.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Copa Airlines Resumes Flights to Valencia, Advancing Recovery of its Destination Network in Venezuela<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/copa-airlines-resumes-flights-to-valencia-advancing-recovery-of-its-destination-network-in-venezuela.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/abra-group-solidifies-leadership-in-2025-with-9-7-billion-in-revenue.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Abra-Group.webp\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Abra-Group.webp 800w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Abra-Group-300x150.webp 300w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Abra-Group-768x384.webp 768w, https:\/\/aviacionaldia.com\/wp-content\/uploads\/2026\/04\/Abra-Group-380x190.webp 380w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<h4 class=\"uagb-post__title uagb-post__text\">\n\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/abra-group-solidifies-leadership-in-2025-with-9-7-billion-in-revenue.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Abra Group Solidifies Leadership in 2025 with $9.7 Billion in Revenue<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/abra-group-solidifies-leadership-in-2025-with-9-7-billion-in-revenue.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"JetBlue monday announced that it has submitted an improved proposal to the Board of Directors of Spiritto acquire&hellip;\n","protected":false},"author":4312,"featured_media":113179,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,197,511,424,221],"class_list":{"0":"post-127640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-airlines","10":"tag-jetblue-2","11":"tag-spirit-airlines-2","12":"tag-usa"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/07\/Spirit-Airlines-A319.jpg",800,400,false]},"uagb_author_info":{"display_name":"Dergam Mousa","author_link":"https:\/\/aviacionaldia.com\/en\/author\/dmousa"},"uagb_comment_info":0,"uagb_excerpt":"JetBlue monday announced that it has submitted an improved proposal to the Board of Directors of Spiritto acquire&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/127640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4312"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=127640"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/127640\/revisions"}],"predecessor-version":[{"id":127642,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/127640\/revisions\/127642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/113179"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=127640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=127640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=127640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}