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Frontier and Spirit to merge, creating fifth-largest airline in U.S. in $6.6 billion deal
“Frontier Airlines and Spirit Airlines, the two largest ultralow-cost carriers in the U.S., have agreed to merge, creating what would become the fifth-largest airline in the country. The company boards approved the deal over the weekend.The deal, valued at $6.6 billion, is structured with Frontier Airlines controlling the merged airline and Spirit holding the remaining 48.5%.“
