Spirit Airlines announced Wednesday that it would postpone the shareholders’ vote at a special meeting on a proposed merger with Frontier Airlines until July 8. The delay will allow Spirit’s board to “continue discussions” with both Frontier and rival competitor JetBlue Airways and “continue to solicit proxies from its shareholders regarding the special meeting,” Spirit announced. in a belated statement on Wednesday.
Spirit shareholders would vote on a proposed merger with Frontier on June 30, a move endorsed by Spirit’s board of directors. JetBlue has made a competitive offer.
Robin Hayes, CEO of JetBlue, said in a statement: “We commend the Spirit Board for listening to their shareholders, who clearly did not support the Frontier transaction, and for delaying the special meeting. We look forward to a to engage in constructive and substantive dialogue with them.”
Frontier did not immediately comment on Spirit’s postponement.