marginal Group Holdings Inc. said it needs more time to garner support for its bid for merger Spirit Airlines and called for Spirit’s shareholder vote on the deal to be pushed back once again.
frontier chief executive Barry Biffle Said in a letter to the Spirit CEO on Sunday Ted Christie That the latest data indicates that Frontier and Spirit are “far from achieving” shareholder approval for their merger. Frontier believes more time will be needed to win shareholder approval of the deal, Mr Biffle said, as do rivals. jetblue Airways Corp. has put forward a rival offer for Spirit.