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JetBlue Agrees to Buy Spirit for $3.8 Billion

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FILE - A Spirit Airlines jet approaches Philadelphia International Airport in Philadelphia, Pa., on Wednesday, Feb. 24, 2021. Spirit announced on Thursday, July 7, 2022, that it would again postpone a vote on the proposed merger with Frontier, a sign that it lacks shareholder support for the merger in the face of a rival bid by JetBlue Airways. Spirit delayed the vote by a week, until July 15. (AP Photo/Matt Rourke, File)

NEW YORK, N.Y. (AP) — JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation’s fifth largest airline if approved by U.S. regulators.

The agreement Thursday comes a day after Spirit’s attempt to merge with Frontier Airlines fell apart. Spirit had recommended its shareholders approve a lower offer from Frontier, saying that antitrust regulators are more likely to reject the bid from JetBlue.

“This combination is an exciting opportunity to diversify and expand our network, add jobs and new possibilities for crewmembers, and expand our platform for profitable growth.” JetBlue CEO Robin Hayes said in a statement.

The combined airline, which will be based in New York and led by Hayes, would have a fleet of 458 aircraft. The airlines will continue to operate independently until after the transaction closes.

JetBlue said Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There’s also a ticking fee of 10 cents per month starting in January 2023 through closing.

If the transaction is completed before December 2023, the deal will be for $33.50 per share, increasing over time to up to $34.15 per share, in the event the transaction closes at the outside date in July 2024.

If the deal doesn’t close due to antitrust reasons, JetBlue will pay Spirit a reverse break-up fee of $70 million and stockholders of Spirit a reverse break-up fee of $400 million less any amounts paid to stockholders of Spirit prior to termination.

News of the JetBlue and Spirit combination comes after weeks of Frontier and JetBlue tussling over who would ultimately get to add the budget airline to its arsenal. While Spirit initially struck a deal with Frontier and had stood by that proposed agreement, its shareholders were not on board. The decision by Spirit and Frontier to terminate their deal was announced Wednesday while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit’s board, shareholders were prepared to reject the deal and seek a richer one from JetBlue.

JetBlue anticipates $600 million to $700 million in annual savings once the transaction is complete. Annual revenue for the combined company is anticipated to be about $11.9 billion, based on 2019 revenues.

JetBlue and Spirit will continue to operate independently until after the transaction closes. Their respective loyalty programs remain unchanged and customer accounts will not be affected in any way.

The deal still needs the required regulatory approvals and approval from Spirit’s stockholders. The companies expect to conclude the regulatory process and close the transaction no later than the first half of 2024.

Spirit’s stock rose more than 4% before the market open, while shares of JetBlue were up slightly.

Business

Monica Hoyos Joins Florida National News as Managing Editor

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ORLANDO, Fla. (FNN) – Florida National News (FNN) proudly announces the addition of Monica Hoyos as its new Managing Editor. In this pivotal role, Monica will lead the newsroom with energy, creativity, and strategic vision, further strengthening FNN’s reputation for trusted, world-class journalism.

Expanding FNN’s Newsroom & Spanish-Language Reach

Monica will oversee FNN’s editorial operations, ensuring smooth coordination across departments, including Corporate Partners, Sales, Marketing, Social Media Management, and Show & Podcast Productions.

Monica and her team will also manage on-location contributors to enhance FNN’s hyperlocal digital journalism footprint across Florida, including Orlando, Tampa, Daytona, Jacksonville, Tallahassee, Space Coast, Palm Beach, Miami, and Fort Myers.

In addition to leading FNN’s newsroom, Monica will oversee FNN News en Español, the Spanish-language arm of Florida National News and FNN News Network. With 42 million Spanish speakers in the U.S., FNN News en Español is expanding its reach among Latin American and Spanish-speaking news audiences.

With an extensive background in bilingual program and project management for non-profit organizations and Fortune 500 enterprises, Monica brings valuable expertise to strengthen FNN’s Spanish-language content and business development strategies as the network continues its national expansion.

  • Related story Florida National News Appoints Jenna Greaves as Social Media Manager

Leadership Statements

“We are thrilled to bring Monica Hoyos on board to help lead our newsroom and expand our Spanish-language coverage,” said Florida National News President J. Willie David, III. “She is a highly respected bilingual professional with years of communications experience in both Spanish and English in the public and private sectors. We look forward to adding her talents to our FNN family.”

Monica Hoyos shared her enthusiasm for the role:
“I’m excited to join the FNN News brand and contribute to expanding the 1.4 million viewers. My bilingual experience and business expertise will help strengthen our newsroom and audience.”

Educational & Professional Background

Monica holds a Master’s in Education, Curriculum & Instruction (TESOL Concentration) and a Bachelor of Arts in Communications & Spanish, with a Mass Media emphasis.

“She is a terrific addition to an already powerhouse team of leaders and contributors. Her joining FNN signals our ambition for the years ahead and our commitment to brave, independent journalism.”

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J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com

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Florida National News Appoints Jenna Greaves as Social Media Manager

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ORLANDO, Fla. (FNN) – Florida National News (FNN) is proud to announce the appointment of Jenna Greaves as Social Media Manager, effective March 10, 2025, during Women’s History Month.

In her new role, Jenna Greaves will oversee FNN’s social media team and manage its growing social media platforms. She will also serve as a reporter, covering both political and environmental news.

Educational Background and Experience

Jenna holds a bachelor’s degree in print/digital journalism with a minor in political science/pre-law from the University of Central Florida. Her media experience includes working and interning at various local broadcast stations, a radio station, and print publications, giving her a well-rounded background in the industry.

Leadership and Vision

Jenna is the right manager to lead our social media team, increase brand awareness, and engage our audience,” said FNN President J. Willie David III. “Her experience will play a vital role in enhancing FNN’s online presence and driving higher website traffic and content visibility for several of our platforms.”

Florida National News Social Media Page

In her role as Social Media Manager, Jenna will develop and execute a comprehensive social media strategy designed to boost brand awareness, audience engagement, and online presence. She will collaborate closely with the editorial team to align content strategies with audience interests, ensuring FNN continues to deliver impactful news coverage.

Florida National News reached 1.4 million audience members in February 2025, and Jenna’s leadership is expected to expand this reach even further.

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J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com

 

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Hispanic Chamber of Metro Orlando Honors Business Leaders at Exclusive Trustee Reception

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ORLANDO, Fla. (FNN) – The Hispanic Chamber of Metro Orlando (Hispanic Chamber) hosted its exclusive Trustee Reception on Thursday, March 6, bringing together influential leaders and businesses for an evening dedicated to recognition, networking, and fostering impactful relationships.

Held at Houndsmen Lounge in Live at the Pointe Orlando, a proud member of the Hispanic Chamber, the event welcomed over 120 attendees, including trustees, business leaders, and prominent community figures.

Celebrating Leadership and Partnerships

During the reception, Pedro Turushina, President and CEO of the Hispanic Chamber, underscored the value of trust and collaboration in building a lasting legacy.

“Tonight, we celebrate you—our investors, our trustees, and our key partners who continuously fuel the growth and success of the Hispanic Chamber,” Turushina shared. “We grow when we trust each other, when we come together to create an impact. If you are here tonight, it’s because you want to leave a legacy. You want to make a difference.”

The evening also featured remarks from Alejandra Escobar, Vice President of the Hispanic Chamber, who highlighted the entrepreneurial spirit driving the region’s Hispanic business community.

  • Other Business News: FloridaNationalNews.com congratulates Ambassador Rudolph Moise on being selected as one of the “12 Good Men 2025” by Ronald McDonald House Charities of South Florida

“Thank you for being here this evening, where we recognize the spirit of entrepreneurship and the commitment that drives our thriving Hispanic business community,” Escobar said.

Industry Representation and Community Engagement

The Hispanic Chamber’s 55 Trustees span key industries vital to Central Florida’s economic growth, including:

  • 13 minority-owned businesses
  • 14 financial services institutions
  • 6 higher education organizations
  • 5 healthcare and wellness providers
  • 5 construction companies
  • 6 government and nonprofit agencies
  • 4 major parks and hotels

  • FNN delivers news that matters to you. Support Florida National News

Distinguished Guests and Live Entertainment

The Hispanic Chamber welcomed prominent leaders such as City of Orlando District 2 Commissioner Tony Ortiz and City of Kissimmee Mayor Jackie Espinoza.

The reception’s entertainment featured a captivating tango performance by Art and Movement LLC and lively music from DJ Paulo, both Chamber members.

Acknowledging Key Supporters

The Chamber extended special thanks to Travel + Leisure, the presenting sponsor, for their invaluable support. Appreciation was also given to over 80 dedicated volunteers, including the Board of Directors, Ambassadors, Supplier Council, and the Hispanic Business Advocacy Committee for their continued efforts in advancing the Chamber’s mission.

“We are incredibly grateful for the 55 Trustees — corporations, government agencies, and regional leaders — who help power our mission forward,” Turushina stated.

He further encouraged sponsors and strategic partners to continue investing in the Chamber’s impactful programs, events, and initiatives to further strengthen Central Florida’s business community.
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J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com

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