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  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 37 slides",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "Includes a call-to-action at the bottom regarding diligence and a $33/share offer.",
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      "text": "By not giving us access to diligence and rejecting our proposal, Spirit’s Board has deprived its shareholders of the most compelling value creation opportunity. However, it’s not too late. If Spirit’s Board allows minimal diligence, JetBlue is willing to negotiate a consensual deal on the basis of $33 / share",
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      "text": "1 Assumes fully diluted shares... 2 Represents the implied value... 3 Represents decline... 4 Conditional upon negotiated merger with Spirit.",
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      "text": "Comparison matrix of Price, Consideration, Value Certainty, Divestiture Commitment, and Reverse Break-Up Fee between JetBlue and Frontier.",
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      "kind": "title",
      "text": "JetBlue’s proposal is clearly superior to Frontier’s in all respects",
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      "text": "Spirit Board’s unwillingness to engage has resulted in a lower offer for Spirit shareholders",
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