JetBlue’s financial gesture: February 2024 prepayment for Spirit shareholders

Tuesday, February 13, 2024

In a significant development, JetBlue announces a prepayment to Spirit shareholders amid ongoing merger proceedings.

In accordance with the Agreement and Plan of Merger inked on July 28, 2022 (referred to as the “Merger Agreement”), involving JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has designated February 23, 2024, as the official record date for the February 2024 prepayment to Spirit shareholders, amounting to $0.10 per Spirit share (termed as the “February 2024 Additional Prepayment”). The disbursement of the February 2024 Additional Prepayment is scheduled for February 29, 2024. As per the provisions of the Merger Agreement, individuals holding Spirit shares as of the February 23, 2024, record date will be eligible to receive the February 2024 Additional Prepayment.

JetBlue, recognized as New York’s Hometown Airline®, is a prominent operator serving major hubs in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. Renowned for its competitive fares and exceptional service, JetBlue facilitates travel for patrons to over 100 destinations spanning the United States, Latin America, Caribbean, Canada, and Europe.

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