JetBlue- Deal Agreement

JetBlue Airways has agreed to an $3.8 billion agreement to acquire Spirit Airlines in the form of a takeover.

Which would make it the country's fifth largest airline and take a fast-growing budget airline.

JetBlue- Fifth Largest Airline

JetBlue- Announced a Deal

The two airlines announced the deal on Thursday morning, just hours after Spirit had canceled plans.

Spirit did not have the support of shareholders to gain acceptance for its Frontier merger the first time.

JetBlue- Shareholder

If it is approved by regulators, JetBlue's purchase of Spirit could make Frontier as the biggest discount airline.

JetBlue- Approved By

The biggest U.S. airline deal since 2016 in which Alaska Airlines beat out JetBlue to acquire Virgin America.

JetBlue- US Airlines

Analysts suggest that the deal could provide the opportunity to greater consolidation with smaller airlines.

JetBlue- Provide an Opportunity

Image Source- CNBC

JetBlue executives claim that purchasing Spirit could accelerate the growth of the company.

JetBlue- Executive Claims

Image Source- Flight Global

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