Frontier Airlines said Wednesday it has again proposed combining with Spirit Airlines, which is in bankruptcy.

After walking away from a deal twice last year, Frontier is now making an offer involving fresh debt and stock.

Bankrupt Spirit Airlines Inc. rejected a new acquisition offer from the parent of Frontier Airlines but said it remains open to a long-discussed combination of the budget carriers.

Key Takeaways Spirit Airlines has rejected a renewed offer from Frontier Airlines, instead opting to continue with its bankruptcy restructuring.The sides detailed new communications from the last several weeks in SEC filings on Wednesday.

The parent of Frontier Airlines made a new offer to combine with bankrupt Spirit Airlines Inc., renewing its pursuit of the struggling budget carrier after talks fell apart last year.

Frontier tried to merge with Spirit in 2022 but was outbid by JetBlue. However, the Justice Department sued to block the $3.8 billion JetBlue deal, saying it would drive up prices for Spirit customers who depend on low fares, and a federal judge agreed in January. JetBlue and Spirit dropped their merger bid two months later.

The South Florida-based budget airlines has rejected another one of Frontier's attempts to combine. Find out the details.

DEMOCRATS AND REPUBLICAN SENATORS ARE WORRIED THAT TWO AIRLINES, SPIRIT AND FRONTIER, MAY BE USING CUSTOMER DATA TO CHARGE SOME PEOPLE MORE FOR THE SAME SEATS ON THE SAME FLIGHTS. THE BIPARTISAN GROUP INCLUDES SENATOR MAGGIE HASSAN,

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle

Spirit Airlines said on Wednesday it has rejected a bid from rival Frontier Group as it was not favorable for the low-cost carrier and expects to exit bankruptcy in the first quarter. Frontier offered Spirit shareholders $400 million in debt and a 19% stake in Frontier earlier this month,

Budget carrier Frontier Airlines announced on Wednesday that it has made another bid for fellow discount carrier Spirit Airlines, which is in bankruptcy, for an undisclosed sum.