HomeNewsJetBlue agrees to buy Spirit in a $3.8 billion deal

JetBlue agrees to buy Spirit in a $3.8 billion deal

JetBlue Airways has agreed to acquire rival discount carrier Spirit Airlines, in a $3.8 billion deal that will create the nation’s fifth-largest carrier.

The deal, announced yesterday, ends a bidding war for Spirit and came hours after Spirit ended plans to merge with another US discount airline, Frontier Airlines.

If approved by regulators, JetBlue’s takeover of Spirit would leave Frontier as the largest discount carrier in the U.S. Industry experts say the deal could lead to more acquisitions among smaller carriers.

The deal is expected to close in the first half of 2024, JetBlue and Spirit said in a statement. They expect to be able to fly as the same airline, in the first half of 2025, a spokeswoman said.

Robin Hayes, CEO JetBlue

“We have two priorities: one is to get this deal closed and get the airline integrated and build a bigger JetBlue, secondly to run a reliable operation in the meantime.”, said JetBlue CEO Robin Hayes in an interview with CNBC.

Emer Roche
Emer Roche
Emer has over 10 years experience working for Irish magazines, supplements, websites and creative agencies. She’s written features for U Magazine, Image Magazine and theheyday.ie, across a range of subjects such as women’s interest, travel, culture, news and interviews. She also has a portfolio of commercial writing for creative agencies, such as RTE.ie and Originate Creative. Emer is a Dublin native with part of her heart in Ardmore, County Waterford. She lives in Dublin 7 with her husband, two kids, dog and cat.

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