ʻO Frontier Group Holdings, Inc., ka hui makua o Frontier Airlines, Inc., i kēia lā i hoʻopuka i kēia leka i nā mea kūʻai aku o Spirit Airlines e pili ana i ka hui ʻana o Frontier me Spirit.

Aia ka leka piha:

June 27, 2022

E nā mea mālama waiwai ʻuhane,

Ke hoʻomau nei mākou i ka hauʻoli e pili ana i ka hui ʻana o Spirit-Frontier, kahi e hana ai i kahi mokulele mokulele haʻahaʻa haʻahaʻa holoʻokoʻa. Ke kūpaʻa nei ka manaʻo hoʻolālā o ka Spirit a me Frontier i hui pū ʻia, a ʻo nā hoʻololi a mākou i hana ai i kā mākou ʻaelike hui e hāʻawi i ka waiwai nui no nā mea kūʻai waiwai ʻo Spirit - ʻoi aku ka waiwai ma mua o ka manaʻo hoʻopunipuni a JetBlue., ʻaʻole hiki ke loaʻa ka ʻae hoʻoponopono.

He hoʻoholo koʻikoʻi kāu e hoʻoholo ai e pili ana i ka wā e hiki mai ana o kāu hoʻopukapuka kālā ma Spirit Airlines ma ka Hui Kūikawā e hiki mai ana ma Iune 30, 2022. Ma mua o kou koho balota ʻana, makemake mākou e lohe pololei mai Frontier i ke kumu e pono ai kā mākou hui ʻana i kāu kākoʻo:

Hāʻawi kā mākou hui ʻana i nā mea kūʻai aku i ka manawa kūpono e ʻike i ka piʻi nui ma mua o $50 no kēlā me kēia pāhele, e hāʻawi ana i ka waiwai kiʻekiʻe ke hoʻohālikelike ʻia me ka noi a JetBlue. Hāʻawi ka ʻoihana Frontier-Spirit i ka waiwai nui loa i nā mea kūʻai waiwai ʻo Spirit i hoʻohālikelike ʻia i ka hāʻawi kālā manawaleʻa mai JetBlue, e hana ana i kahi pāpale paʻakikī i ka waiwai ma $33.50 no kēlā me kēia pāhele. Me kā mākou ʻaelike hou, ke hāpai nei mākou i ka noʻonoʻo kālā no nā mea kūʻai waiwai ʻo Spirit, e lawe ana i ka huina kālā i ka $450 miliona. Ma kahi o ka noʻonoʻo kālā i hoʻohui ʻia, e pōmaikaʻi nā mea kūʻai ʻo Spirit mai ka ʻaoʻao o ka hoʻihoʻi ʻana i ka maʻi maʻi a kaʻana like ma kahi o $ 500 miliona i manaʻo ʻia i nā synergies merge net makahiki. Maikaʻi ka makemakika - ʻoiai me nā manaʻo ulu haʻahaʻa e pili ana i nā ʻano hoʻihoʻi o kēia manawa - hiki i ka Frontier-Spirit transaction ke hāʻawi maʻalahi i ka waiwai proforma i ʻoi aku ma mua o $50 no kēlā me kēia ʻUhane, ʻoi aku ka maikaʻi ma mua o ka mea a JetBlue e hāʻawi ai.

Kākoʻo nā ʻoihana aʻoaʻo proxy alakaʻi iā Frontier a me Spirit. Ua ʻike ʻo ISS lāua ʻo Glass Lewis i ka waiwai o ka hui ʻana o Frontier-Spirit a ua ʻōlelo ʻo ia e koho ka poʻe kūʻai waiwai ʻo Spirit e ʻae i ke kālepa ma ka Hui Kūikawā Kūikawā o nā mea kūʻai aku ma Iune 30, 2022. nā pōmaikaʻi i loaʻa i kā mākou kālepa a ʻo ka Frontier-Spirit transaction ʻo ia wale nō ka hāʻawi koi a kūpono ma ka papa no Spirit a me kāna mau mea kūʻai.

Ua hoʻonui mākou i ka uku hoʻopau hope i $350 miliona, e like me ka noi a JetBlue a hāʻawi i kahi ʻāpana i ka uku mua wikiwiki. ʻAʻole wale e loaʻa i nā mea kūʻai ʻo Spirit ka manawa e komo ai i ka ʻoi aku ka maikaʻi o ka hui ʻana o ka Spirit-Frontier, akā ʻo ka ʻaelike hui i hoʻololi ʻia e hāʻawi pū i ka uku mua o $2.22 no kēlā me kēia ʻāpana Spirit i ke kālā (ma kahi o $241.1 miliona) o ka uku hoʻopau hope, i hoʻonohonoho ʻia ma ke ʻano he puʻu kālā i nā mea kūʻai waiwai ʻo Spirit ma hope o ke koho balota ʻana i ka hui ʻana. ʻO ka hui pū ʻana o Frontier-Spirit he mea hoʻokūkū, a ʻo ka hoʻonui ʻana i ka uku hoʻopau hope, i hui pū ʻia me ka hiki ke pani ʻia, hāʻawi ʻoi aku ka nui o ka pale kānāwai no nā mea kūʻai aku o ka Spirit ma mua o ka hāʻawi ʻana a JetBlue. Ma kēia mālamalama, ke kaupaona maoli nei nā mea kūʻai o ka Spirit i ka waiwai piha o ka hui Frontier e kūʻē i ka waiwai o ka uku hoʻopau i manaʻo ʻia e JetBlue he $ 350 miliona, a i ʻole $ 3.20 no kēlā me kēia ʻāpana ʻUhane, ʻo ia ka hopena loa no nā mea kūʻai aku ʻo Spirit inā e neʻe mua ʻo Spirit me. he mea kūʻai mai iā JetBlue.

ʻO ka loaʻa ʻana o ka ʻUhane e JetBlue e alakaʻi i kahi hopena antitrust - he ʻoiaʻiʻo ʻaʻole e loli ka nui o ke kālā JetBlue, ʻāhewa a kuhi hewa paha. Ua hoʻolei aku ʻo JetBlue i ka uahi e manaʻoʻiʻo ai ʻoe e like ka pilikia o ka hoʻoponopono o kāna noi me ka hui ʻana o Frontier-Spirit. ʻAʻole ʻoiaʻiʻo kēlā a koi ʻoe iā ʻoe e haʻalele i ka noʻonoʻo maʻamau a me ka ʻae ʻana o JetBlue e pili ana i kāna mea i manaʻo ai e hana koke i ka loaʻa ʻana a me ka hoʻopau ʻana i ka ʻUhane: e hoʻoneʻe i nā noho a hoʻonui i nā kumukūʻai, nā mea antitrust ʻaʻole hoʻomaka. ʻO ka mea ʻē aʻe, ʻo ka hui ʻana o ka Spirit-Frontier ka mea kūʻai aku, e like me ka nui o nā mea noiʻi a me nā ʻaoʻao ʻekolu i ʻike mua ʻia, no ka mea e hoʻonui ia i ka lawelawe ʻoi aku ka haʻahaʻa haʻahaʻa i nā wahi hou aku a hāʻawi i nā koho uku haʻahaʻa loa i ka Big Four a me JetBlue .

Kākoʻo nā limahana i ka hui ʻana o Frontier-Spirit. ʻO ka Association of Flight Attendants ("AFA"), ka mea i hōʻike ʻia ma luna o 4,600 mau kahu mokulele ma Spirit a me 2,900 mau kahu mokulele ma Frontier, ua haʻi i ka lehulehu e manaʻoʻiʻo ana ka hui ʻana o ka Spirit-Frontier e pōmaikaʻi nui i nā limahana o nā mokulele ʻelua. He mamao loa ia mai ka hihia ma JetBlue. Ua haʻi aku ka Hui Hana Hana (TWU) i ka lehulehu e kūʻē ana i ka manaʻo o JetBlue e lawe i ka Spirit, me ka ʻike ʻana i ka manaʻo o JetBlue e hoʻopau i nā tausani o nā hana a me nā koho mokulele haʻahaʻa no nā mea kūʻai aku ma ke ʻano o kāna noi. Eia hou, ua aʻo aku ka TWU iā JetBlue no ka lilo ʻana i mea hana hoʻomāinoino i mālama ʻole i ka maikaʻi o kāna limahana ma ka hōʻole ʻana i kāna mau ʻaelike uniona. He mea koʻikoʻi loa nā lālā o ka hui mokulele i kona holomua ma ke ʻano he hui. Aia ka ʻokoʻa i ke ʻano o ka hana ʻana o nā limahana i ka hui Frontier-Spirit i hoʻohālikelike ʻia i ka loaʻa ʻana e JetBlue.

E hui pū ʻo Frontier a me Spirit e hoʻonui i ke kumu hoʻohālike ultra-low-cost e hoʻonui i ka hoʻokūkū ʻoihana. He mea maʻalahi ka manaʻo hoʻolālā o ka hui ʻana o ka Spirit-Frontier—ke kūkulu nei mākou i kahi mokulele e hiki ke hoʻomaopopo i ka hiki ke hoʻokūkū o ka model ULCC. ʻO kā mākou kālepa e lawe mai i ka pālākiō, ka hiki, a me ke kūpaʻa, e hiki ai ke lawe i nā kumukūʻai haʻahaʻa loa i nā ala ʻoi aku ka nui o ka hoʻokūkū me nā mokulele mokulele nui, kumu kūʻai kiʻekiʻe. ʻO ka Frontier a me ka Spirit i hui pū ʻia e hoʻoulu i ka noi ma o ka hoʻoulu ʻana i ka poʻe e lele i ka wā e kūʻai ʻia ai nā kumukūʻai kiʻekiʻe e JetBlue a me ka Big Four iā lākou ma waho o ka mākeke, e komo pū ana i nā kaiāulu underserved. ʻO kēia nā hopena koʻikoʻi, hoʻopiʻi procompetitive. Me ka piʻi ʻana o ka inflation a me ka piʻi ʻana o nā mokulele, ʻoi aku ka mea nui ma mua o ka loaʻa ʻana o kahi koho haʻahaʻa haʻahaʻa me ka pae ʻāina. ʻO ka ʻokoʻa loa, ʻo ka hāʻawi ʻana a JetBlue e pili ana i kahi mokulele ʻoi aku ka nui o ka lawe ʻana i kahi mea hoʻokūkū haʻahaʻa haʻahaʻa, ʻo ka hopena i ka mea a JetBlue i ʻae ai he hopena anticompetitive loa: ʻoi aku ka liʻiliʻi o nā noho a me nā uku kiʻekiʻe.

Mai hoʻopunipuni ʻoe i ka hoʻāʻo ʻana o JetBlue e hoʻopau i kahi hui hoʻoikaika e hāʻawi i ka waiwai maoli a mau loa no nā mea kūʻai aku a me nā mea kūʻai aku. Paipai ikaika mākou iā ʻoe e noʻonoʻo i ka waiwai nui o ka hui ʻana o ka Spirit-Frontier, ko mākou ala ikaika i ka hoʻopau ʻana a me nā pōmaikaʻi like ʻole o kā mākou hui ʻana i hāʻawi ʻia no nā mea kuleana āpau a me ka mākeke ākea.

He aha e lawe ʻia mai kēia ʻatikala:

The strategic rationale of a combined Spirit and Frontier remains sound, and the changes we have made to our merger agreement provide greater value for all Spirit stockholders – value that is well in excess of JetBlue's illusory proposal, which lacks any realistic likelihood of obtaining regulatory approval.
ISS and Glass Lewis recognize the value of the Frontier-Spirit combination and have recommended that Spirit stockholders vote to approve the transaction at the upcoming Spirit Special Meeting of Stockholders on June 30, 2022.
Both ISS's and Glass Lewis's recommendations further validate our belief in the benefits inherent in our transaction and that the Frontier-Spirit transaction is the only compelling and viable offer on the table for Spirit and its stockholders.