Frontier to buy Spirit: New Representation elections

SWAMECH

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Apr 26, 2005
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Looks like it may be official on the 4th delay of voting from shareholders. How exactly does the Spirit BOD as well as the Frontier leadership intend to change the minds of the shareholders? These are very intelligent people, so to draw it out longer to per say explain or teach them why the Frontier deal is better in Frontier's and Spirit's minds is just disrespectful and will bring the exact opposite reaction from shareholders. Not sure where or why they are doing this except the mere fact that they just don't have enough support from the shareholders. So will they just continue to delay and cancel all votes until they have enough? I smell lawsuits coming...


 

SWAMECH

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Apr 26, 2005
175
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ISS now recommends a vote against the Spirit/Frontier merger, stating the JB/Spirit is more favorable...


 

SWAMECH

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Apr 26, 2005
175
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Not looking good for Frontier, UNLESS, Frontier were to revise their bid options and increase some cash-ola for the shareholders to vote for it. We shall see just how bad Frontier wants this merger if the shareholders vote against the Frontier/Spirit hook up. JetBlue quite possibly may get its first chance at a merger/purchase of another airline, finally. I would be willing to bet Frontier has a back-up plan, but, I really was looking for Frontier to revise their bid before the vote by shareholders, so we shall see after today...


 

SWAMECH

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Apr 26, 2005
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Frontier no longer in the merger game. JetBlue is now more favorable by the shareholders by a long shot. I knew JB would not get left out for the 3rd (4th?) time.
I wish Frontier good luck to find their Pilot and Aircraft fixes in the near future. They will need something to go up against competition now with these other 2 airlines expansions and growth.