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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 29 slides",
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  "notes": "This slide outlines the board's fiduciary process in a merger context.",
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      "text": "Consistent Ongoing Focus on Strategic Opportunities; Drilling Down into the Optimal Alternative; Negotiating Compelling Terms",
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      "text": "The Board regularly reviews the strategic landscape... Over the last 5 years, the Board engaged in preliminary discussions with a number of potential strategic partners",
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      "text": "After determining the best strategic path forward... In excess of 50% of economic value per share... Obtaining a fiduciary out... The Spirit Board delivered the best possible opportunity",
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      "text": "A consensus emerged among directors... After months of diligence... With a significantly expanded network, a combination of Spirit and Frontier could create more value",
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