Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday vote on whether to accept one of those buyout offers after a flurry of counter proposals from JetBlue and Frontier Airlines.
The Miramar, Florida, carrier had scheduled a special shareholders meeting at the end of the week asking investors to sign off on what has been its preferred offer, from Colorado’s Frontier Airlines.
READ MORE: Advisers tell Spirit shareholders to reject Frontier bid
JetBlue has offered more money than Frontier, but Spirit has rejected those bids saying that any such tie-up would face a greater likelihood of being shot down by federal regulators.
