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AP National Business

JetBlue raises offer again in bidding for Spirit Airlines

KION
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Published 2:42 PM

NEW YORK (AP) — JetBlue is boosting its offer to buy Spirit Airlines, raising the stakes again in the bidding war over the nation’s biggest budget airline. JetBlue said Monday that it offered $33.50 per share, or $2 per share more than its last bid two weeks ago. JetBlue is trying to outbid Frontier Airlines, which struck a deal to buy Spirit back in February. Shareholders of Florida-based Spirit are scheduled to vote on the Frontier bid next week. JetBlue is trying to convince investors to kill the Frontier offer and drive Spirit into JetBlue’s arms.

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