Category: business news
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Spirit Airlines Rejects Takeover Bid From Frontier Airlines And Will Focus On Chapter 11 Bankruptcy Process Alone
Written by Mateusz Maszczynski @ PYOK Spirit Airlines has once again rejected a takeover bid by rival ultra-low-cost airline Frontier, saying that it will pursue its Chapter 11 bankruptcy and recapitalization alone. It emerged late last month that Denver-based Frontier Airlines wanted to acquire embattled competitor Spirit in a $400 million deal that would create…