Frontier will pay a $250 million breakup fee, if officials reject Spirit’s takeover
Frontier is proposing Spirit a $250 million reverse breakup fee. JetBlue Airways is attempting to purchase Spirit and has launched an aggressive takeover bid. JetBlue’s bid included a reverse breakup fee of $200 million. Frontier Airlines’ parent company said on Thursday that if regulators do not approve the planned merger of the two discount carriers … Read more