The Wall Street Journal: Frontier Airlines to pay Spirit $250 million breakup fee if deal falls through

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Frontier Airlines will pay Spirit Airlines Inc. a $250 million breakup fee if regulators block a merger between the two carriers, under a new agreement by the companies Thursday.

The move comes as Spirit
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tries to win investor support for its merger with Frontier 
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and fend off a hostile bid from rival JetBlue Airways Corp.
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