Frontier makes an offer to rescue Spirit Airlines
CNN
Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through.
Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through. Frontier said in a statement Wednesday that the transaction “would provide meaningful value to Spirit financial stakeholders” and create a “stronger low-cost carrier” that would rescue Spirit from bankruptcy. Spirit has already rejected the latest offer, revealing in a letter sent to Frontier in a regulatory filing that it’s “far short” of what its shareholders would expect and is less money than the previous offer. The airline said it’s not commenting beyond that. The latest proposal, funded by newly issued Frontier debt and common stock, “reflects a compelling opportunity that will result in more value than Spirit’s standalone plan by creating a stronger low fare airline with the long-term viability to compete more effectively and enter new markets at scale,” said Bill Franke, chair of Frontier’s board of directors. The two airlines originally intended to merge in 2022, but JetBlue offered Spirit more money and the deal was scrapped. However, a federal judge blocked Spirit’s merger with JetBlue last year. In November 2024, Spirit filed for bankruptcy, and it recently slashed 200 jobs. A spokesperson previously told CNN that the job cuts are meant to reduce costs and are separate from the Chapter 11 filing.
As President Trump and Elon Musk remake the federal government through firings, orders and brute force, small news publishers that specialize in the federal workforce are landing big scoops and seeing equally big traffic gains.
Nissan is still holding “various discussions” with Honda, the carmaker said Wednesday in response to media reports that it is set to scrap merger talks with its larger rival.
The end of cheap Shein and Temu hauls? How Trump’s tariffs could make those shipments more expensive
Americans love Shein, Temu and Alibaba for two reasons: cheap prices and fast shipping.
The US Postal Service says it has temporarily suspended the acceptance of incoming international parcels from China and Hong Kong until further notice.
Google’s updated AI ethics policy removes its promise that it won’t use the technology to pursue weapons and surveillance.
Need a new computer, television or phone? You might want to consider getting one now.
Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture. We’d like to hear from you.
Australia has banned DeepSeek from all government devices over concerns that the Chinese artificial intelligence startup behind it poses security risks, the government said Tuesday.
The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders.
Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion.
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday.
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.