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Spirit earlier this month rejected JetBlue Airways (NASDAQ:JBLU) Corp’s $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators.
Frontier and JetBlue have been in a battle for Spirit, arguing that a merger with Spirit will help them better compete with legacy carriers, or the “big four” airlines that control nearly 80% of the U.S. passenger market.
JetBlue did not immediately respond to a Reuters request for a comment.
