Airlines
JetBlue Launches Hostile Takeover Bid for Spirit Airlines
New York-based JetBlue has filed a “Vote No” proxy statement for Spirit's upcoming special meeting.
A JetBlue Airbus A320 lands at McCarran Airport in Las Vegas. (Photo: Flickr: Creative Commons (BY-SA) by TDelCoro)
A JetBlue Airbus A320 lands at McCarran Airport in Las Vegas. (Photo: Flickr: Creative Commons (BY-SA) by TDelCoro)

JetBlue Airlines on Monday said it has filed a “Vote No” proxy statement urging Spirit Airlines shareholders to vote against the planned Spirit-Frontier Airlines merger, signaling the launch of a hostile takeover bid by JetBlue. Spirit twice rejected takeover offers by JetBlue in recent weeks, after concluding they would present “an unacceptable level of closing risk” to its shareholders.