Spirit Airlines shareholders are scheduled to decide the fate of the budget carrier Wednesday, voting whether to merge with rival Frontier Airlines as JetBlue Airways tries to wrest Spirit away.
After being delayed four times, the vote is likely to proceed Wednesday. With a higher offer from JetBlue on the table, some Spirit investors, including some of its biggest shareholders, have withheld support for the Frontier deal, and barring any last-minute changes, aren’t expected to approve it, according to people familiar with the matter.
