Rebuffed by Spirit, JetBlue Goes Hostile in Takeover Bid

Rebuffed by Spirit, JetBlue Goes Hostile in Takeover Bid
A Frontier Airlines aircraft flying over Gloster City, N.J., approaches Philadelphia International Airport, on Oct. 22, 2021. Matt Rourke/AP Photo
The Associated Press
Updated:

JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.

JetBlue hopes that its move will push Spirit’s board to the negotiating table after the board rejected an earlier offer.