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(New York, NY) -- Spirit Airlines is rejecting JetBlue's latest offer to buy the discount carrier. South Florida-based Spirit Airlines announced it's sticking with its deal to merge with Frontier Airlines instead.
JetBlue had upped its offer to include a 200-million-dollar break-up fee, but Spirit turned it down. Spirit's board of directors noted it didn't even consider JetBlue's offer because it was unlikely to be approved by federal regulators.