Frontier Group Holdings, Inc., parent company of Frontier Airlines (F9, Denver International), has made a renewed proposal to merge with Spirit Airlines (NK, Fort Lauderdale International), it announced in a press release on January 29. The deal would be structured through newly issued Frontier debt and ordinary shares.

The proposal includes issuing USD400 million in debt and granting 19% of Frontier’s ordinary equity to Spirit’s creditors. Frontier estimates the total value of its offer to be at least USD2.16 billion, with the…

Source: ch aviation
Read more: US’s Frontier again seeks merger with Spirit Airlines