Frontier (US:ULCC) Investopedia·2025-01-29 15:40Group 1 - Spirit Airlines has rejected the latest merger offer from Frontier Airlines and will continue with its bankruptcy restructuring plan [1][5] - Frontier Airlines announced that its merger proposal would provide more value to Spirit's creditors and shareholders compared to Spirit's current bankruptcy plan [1][5] - Spirit Airlines expects to exit bankruptcy in the first quarter of this year [3] Group 2 - Spirit Airlines communicated that Frontier's proposal has "many deficiencies" and is both inadequate and unactionable [3][4] - The recent communications between Spirit and Frontier were made public following the expiration of non-disclosure agreements [2] - Spirit has previously received various takeover offers from Frontier and JetBlue, with legal challenges affecting the JetBlue merger and Frontier abandoning negotiations prior to Spirit's bankruptcy filing [4]