JetBlue Airways has issued the following statement from Robin Hayes, chief executive officer, regarding the decision by the Spirit Airlines’ Board of Directors to adjourn its special meeting:
We compliment the Spirit Board for listening to their shareholders, who clearly were not supportive of the Frontier transaction, and adjourning the Special Meeting. We look forward to commencing a constructive and substantive dialogue with them.
It’s clear that Spirit shareholders have now handed the Spirit Board an undeniable mandate to reach an agreement with JetBlue. The Spirit Board has so far not walked away from the Frontier transaction and we continue to strongly recommend that Spirit shareholders let the Spirit Board know that preventing their shareholders from receiving the superior value JetBlue has proposed is unacceptable, by voting AGAINST the Frontier transaction.
A combined JetBlue-Spirit would create a truly compelling national competitor to the legacy carriers and a winning combination for customers, JetBlue crewmembers and Spirit Team Members, and shareholders of both airlines. We urge the Spirit Board to listen to its shareholders and accept our superior proposal without further delay.