Offer

Following reports by the New York Times earlier Tuesday, JetBlue announced this afternoon that it had submitted a $3.6 billion all-cash offer for Miramar, Fla.-based Spirit Airlines, putting the New York-headquartered carrier in direct competition with Frontier Airlines — the ultra-low-cost carrier with which Spirit had agreed to merge earlier this year. Spirit’s shares jumped […]

Norwegian Air Shuttle confirmed on Friday that it has rejected two separate offers from International Airlines Group (IAG), the parent company of Aer Lingus, British Airways, Iberia, LEVEL, and Vueling. The news comes just weeks after IAG purchased 4.6 percent of the low-cost airline, which has created some tough competition for airlines within IAG, both on […]