jetBlue Mergers and Acquisitions Presentation Deck
Spirit's Board is conflicted and is not serving its shareholders' best interests
Until 2013, Indigo Partners, Bill Franke's investment firm and the majority shareholder of Frontier, controlled
Spirit Airlines
x
× ×
X
(X
jetBlue
Multiple Spirit Directors involved in the decision to merge with Frontier have significant ties to Bill
Franke, who appointed each to the Spirit Board
Length of tenure and known conflicts display poor governance
Frontier has promised Board seats on the combined entity to 5 out of the 8 current Spirit Directors
Shareholders should be concerned that the Spirit Board is only serving the interests of Frontier / Indigo Partners
Composition of Spirit's Board of Directors at time of Frontier announcement
(X)
Appointed by Bill Franke and succeeded
Franke as Chairman of Spirit in 2013
X
Personally leading negotiations on behalf
of Spirit and on the other side of Franke
since June 2021
Ted
Christie
Carlton
Donaway
Mark
Dunkerley
Mac
Gardner
(Chairman)
Robert
Johnson
Barclay
Jones
Christine
Richards
Myrna
Soto
Appointed by
Bill Franke
Former
Frontier
executive
Dawn
Zier
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