Spirit Airlines merger shareholder vote postponed until July 15

Spirit Airlines introduced it is as soon as once more suspending an important shareholder vote on a proposed merger with Frontier Airlines.

The vote was pushed again to Friday, July 15 so the corporate can proceed discussions with Frontier Airlines and rival bidder Jetblue Airways.

This is the third time that Spirit referred to as off a vote on Frontier’s provide. The Spirit board has indicated it prefers a take care of Frontier over JetBlue, whose provide is presently greater in worth amid a bidding struggle.