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Spirit Spurns Frontier Offer In Favor Of Ch. 11 Debt Swap

By Vince Sullivan ( January 29, 2025, 5:42 PM EST) -- Bankrupt air carrier Spirit Airlines Inc. said in public securities filings Wednesday that it has rejected an offer from competitor Frontier Airlines to merge and will instead continue pursuit of its prearranged restructuring plan set for confirmation in mid-February because the terms of the Frontier proposal would leave creditors worse off....

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