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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,
+3.99%
tries to gain the support of investors its merger with Frontier
ULCC,
+0.59%
and fend off a hostile offer from competitor JetBlue Airways Corp. JBLU,
+2.83%.

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

Brian Lowry

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