JetBlue Airways Corp.
is continuing its quest to buy
Spirit Airlines Inc.,
increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal.
on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 per share.
Spirit is weighing whether to go ahead with a planned acquisition by
or to accept JetBlue’s offer. The budget airline was supposed to hold a shareholder vote on the
deal earlier this month, but postponed it to negotiate with both its suitors.
JetBlue’s move is the latest development…
