Business
Frontier Airlines will pay Spirit $250 million separation fee if deal goes through
Frontier Airlines will pay Spirit Airlines Inc. a $250 million break-up fee if regulators block a merger between the two airlines, according to a new agreement by the companies on Thursday.
The train comes as Spirit SAVE,
tries to gain the support of investors its merger with Frontier
ULCC,
and fend off a hostile offer from competitor JetBlue Airways Corp. JBLU,
https://www.marketwatch.com/story/frontier-airlines-to-pay-spirit-250-million-breakup-fee-if-deal-falls-through-11654222606?rss=1&siteid=rss Frontier Airlines will pay Spirit $250 million separation fee if deal goes through
