Spirit Airlines sets June 10 date for shareholder vote on Frontier deal

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FILE PHOTO: A Spirit Airlines A320-200 airplane sits at a gate at the O'Hare Airport in Chicago, Illinois

(Reuters) – Spirit Airlines Inc will hold a shareholder meeting on June 10 for a vote on its proposed merger with Frontier Group Holdings Inc, according to a regulatory filing on Wednesday.

Spirit earlier this month rejected JetBlue Airways Corp’s $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators.

Frontier and JetBlue have been in a battle for Spirit, arguing that a merger with Spirit will help them better compete with legacy carriers, or the “big four” airlines that control nearly 80% of the U.S. passenger market.

JetBlue did not immediately respond to a Reuters request for a comment.

(Reporting by Aishwarya Nair and Nathan Gomes in Bengaluru; Editing by Shounak Dasgupta)