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Spirit Again Delays Vote on Frontier Merger, Eyes More Talks

  • Shareholder meeting will be adjourned, rescheduled for July 8
  • Second delay follows day of media blitz by Spirit and JetBlue
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indiana.

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indiana.

Photographer: Luke Sharrett/Bloomberg
Updated on

Spirit Airlines Inc. delayed a shareholder vote on its proposed merger with Frontier Group Holdings Inc. less than 24 hours before it was scheduled, saying management needs more time for talks with its favored partner and rival suitor JetBlue Airways Corp.

Spirit, which rescheduled the meeting for July 8, will continue soliciting shareholder proxies for the ballot, according to a statement late Wednesday. The decision to delay came a day after the carrier rejected an improved $3.7 billion all-cash offer from JetBlue, the airline’s fifth try at wooing Spirit.