Spirit Airlines shareholders on Wednesday approved the $3.8 billion merger agreement with JetBlue. The carrier originally planned to merge with Frontier.
Spirit Airlines on Wednesday announced that its shareholders approved the multibillion-dollar merger agreement with JetBlue Airways that could potentially reshape the discount airline market.
"This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers," Spirit Airlines CEO Ted Christie said. Despite the shareholder's approval Wednesday, the $3.8 billion acquisition still needs approval from regulators. This process could take several months.This is a developing story. Check back for updates.
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