• Spirit Merges with JetBlue

     
    POSTED October 20, 2022
     

Transaction is expected to close no later than the first half of 2024.

Spirit Airlines Inc. of Miramar, Florida, announced that its stockholders approved a merger agreement with JetBlue Airways Corp. of Long Island City, New York. 

Ted Christie, president and CEO of Spirit Airlines, says, “This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers. We look forward to continuing our ongoing discussions with regulators as we work toward completing the transaction and delivering value to team members, guests, and stockholders."

The completion of the transaction is subject to customary closing conditions, including receipt of required regulatory approvals. Spirit and JetBlue expect to conclude the regulatory process and close the transaction no later than the first half of 2024.

Barclays and Morgan Stanley & Co. LLC are serving as financial advisors to Spirit, and Debevoise & Plimpton LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal advisors.

 

On Nov. 25, the International Association of Conference Centres (IACC) released its latest quarterly Meeting Room of the Future Barometer. In a nutshell, the global association reports that the recovery of the meetings and events industry remains on a solid and positive trajectory.

Among the findings:

 

The Meeting Professionals International Board of Directors has its sights set on 2027. Building on an organizational strategy initially conceived in 2020 by key board, staff, and executive team members, the organization recently solidified its goals for the next five years.

“Over the course of the past two years, the goals were modified based on economic conditions, but those pillars remained intact and were validated by the MPI Board this past September during meetings held in Quintana Roo, Mexico,” says Drew S. Holmgreen, MPI chief branding officer.

 

The Meetings Mean Business Coalition has announced “Meetings Matter” as the 2023 theme for Global Meetings Industry Day (GMID) to be held on March 30. The international day of advocacy showcases the economic and societal importance of face-to-face business meetings, trade shows, incentive travel, exhibitions, conferences, and conventions.