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JetBlue Launches Hostile Takeover Bid for Spirit Airlines
JetBlue Airways on Monday commenced a hostile all-cash takeover bid for Spirit Airlines, days after the discount carrier rejected an offer from the larger rival (www.cnbc.com) Más...
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Wow. Good luck. Frontier used to be a decent airline in my opinion but after they got bought out by Republic, I've heard they pretty much went down hill. Republic has been around for many years longer than Spirit. I can understand the shareholders balking on the $33 a share as they probably are the "old money" type. Spirit's reputation isn't exactly stellar and from what I've heard Frontier has gone to pot. On the other hand, JetBlue sounds like they are getting greedy and a takeover may drag them down as a decent airline.
