Spirit Airlines Shareholders Approve Merger Agreement With JetBlue
Spirit stockholders have approved the merger agreement with JetBlue. Based on preliminary voting results provided by the independent inspector of the special meeting of stockholders today, over 50 percent of common stock holders voted in favor of the transaction.
On Wednesday (October 19, 2022), Spirit Airlines announced that the company’s stockholders have voted in favor of the merger agreement with JetBlue Airways Corporation. According to the preliminary voting results provided by the independent inspector of election at the special meeting of stockholders today, over 50 percent of the outstanding shares of Spirit’s common stock voted in favor of the merger transaction. The final voting results of the special meeting, as tabulated by the independent inspector, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission (SEC).
In Wednesday’s announcement, Spirit Airlines’ President and CEO, Ted Christie, said,
“This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers. We look forward to continuing our ongoing discussions with regulators as we work toward completing the transaction and delivering value to Team Members, Guests and stockholders.”
The completion of the transaction remains subject to customary closing conditions, including the required regulatory approvals. Spirit Airlines, Inc. and JetBlue Airways Corporation expect to conclude the regulatory review and close the transaction no later than H1 2024.
Miramar, Florida-based low-cost carrier Spirit Airlines (NYSE: SAVE) is committed to offering the best value in the sky with service to destinations in the U.S., Latin America, and the Caribbean. The airline allows customers to select and pay for only the products and services they want, something they call “À La Smarte.” Spirit also operates one of the youngest and most fuel-efficient fleets in the U.S. The carrier proudly calls their youthful fleet of aircraft their “Fit Fleet®.” Spirit Airlines will add 24 new fuel-efficient Airbus A320neos to their fleet in 2022, expanding their fleet to 197 aircraft, as well as 33 new aircraft in 2023.
Source: Spirit Airlines / PRNewswire