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Frontier offers $250 million reverse breakup fee to block Spirit merger under promise to provide ‘more regulatory protection’ than JetBlue

Frontier Airline’s parent company confirmed plans to pay a $250 million reverse breakup fee to Spirit Airlines to keep regulators from approving the planned merger between the airline and JetBlue Airways, CNBC reported.


Travel

Improvements made to transit ticketing in Australia: ‘Commuters love the speed and convenience’

Ferny Grove line passengers in the Australian state of Queensland can now utilize credit cards, debit cards, and smart devices to pay for their travel.


Travel

Spirit AeroSystems president: 'We are very excited about the opportunity this partnership with Sierra Space represents'

Commercial space company Sierra Space and aerospace manufacturer Spirit AeroSystems, Inc. recently entered into a partnership that will advance development of a commercial space economy.



Travel

Air Lease on aircraft in Russia: 'It is unlikely that the company will regain possession of the aircraft that have not been returned'

Air Lease Corp. has confirmed plans to write off its power over the 27 jets it has remaining in Russia amid related sanctions. The charges related to the sale are expected to reach $802 million.


Travel

Selina forms 'strategy team' for further expansion in travel industry

Lifestyle and experimental hospitality brand, Selina, recently welcomed Sam Khazary as senior vice president and head of global corporate development.