Spirit Airlines in talks with JetBlue over $3.4 billion improved offer

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The budget carrier said it was also in discussions with Frontier Group Holdings Inc under the terms of an existing merger agreement.

Spirit said in a statement that JetBlue and Frontier were being given access to the same due diligence information, on the same terms.

Last month, Spirit had denied JetBlue’s request to open up its books and records relating to a decision to rebuff an earlier buyout proposal.