Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9bn takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6bn offer.Spirit said antitrust regulators are unlikely to approve JetBlue’s offer because of JetBlue’s alliance with American Airlines in the Northeast, a deal that the US Department of Justice is suing to block.“We struggle to understand how JetBlue can believe” that the Justice Department or a court would let JetBlue strike a deal with American, then buy Spirit, eliminating the nation’s largest low-cost airline, the Spirit board said in a letter to JetBlue directors.
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