Bankrupt Spirit Airlines Rejects Latest Merger Bid From Frontier Airlines

Key TakeawaysSpirit Airlines has rejected a renewed offer from Frontier Airlines, instead opting to continue with its bankruptcy restructuring.The sides detailed new communications from the last several weeks in SEC filings on Wednesday.Spirit said Frontier's new offer still has "many deficiencies," while Frontier says it would provide more value to creditors and shareholders than Spirit's current bankruptcy plan. Spirit Airlines said in regulatory filings Wednesday that it is rejecting the latest merger of ...