Spirit Airlines rejects another Frontier Airlines acquisition worth $2.16B
1. Spirit Airlines rejected Frontier's $2.16 billion acquisition proposal. 2. Proposal deemed less beneficial than ongoing restructuring plan. 3. Spirit filed for bankruptcy in 2024 due to financial losses. 4. Frontier dropped key terms from previous offers that raised concerns. 5. Spirit's counterproposal of $1.185 billion equity was rejected by Frontier.