Spirit Airlines shareholders approve $3.8B merger agreement with JetBlue

Spirit Airlines (S64) (SAVE) shareholders have approved a $3.8 billion merger agreement with JetBlue Airways.

The deal must now be approved by federal regulators, with both airlines expecting to complete the deal and the related transaction by the first half of 2024.

The results of the preliminary voting reflected that “more than 50% of the outstanding shares of Spirit common stock voted in favor of the transaction,” Spirit Airlines (S64) (SAVE) revealed in its statement, which was published on October 19, 2022.

“The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission,” the low-cost carrier added.