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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 43 slides",
  "authorId": "spirit",
  "authorName": "Spirit",
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  "presentationDate": "2022-05-01 00:00:00",
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  "pageNumber": 33,
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  "notes": "The slide uses a yellow callout box to emphasize the core message that a 'no' vote for Frontier is not a 'yes' for JetBlue.",
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      "text": "REMEMBER: A vote “no” for Frontier does NOT equal a vote “yes” for JetBlue",
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      "text": "A vote “no” on the Frontier merger is NOT a vote for a JetBlue transaction – Spirit does not have an agreement with JetBlue\nThe current JetBlue tender offer may not be better than Spirit’s “status quo”\nSubjects Spirit to significant business risk for up to two years with very low transaction certainty\nCaps Spirit shareholders’ upside, preventing them from participating in the pandemic recovery and future growth\nSubstantially higher employee departure risk than the Frontier merger\nRestrictive operational covenants in any sale agreement with JetBlue\nA low RTF to compensate for all these issues for a transaction that is unlikely to be approved\nWe believe the Frontier merger is far superior for Spirit shareholders than the status quo and urge all Spirit shareholders to VOTE YES",
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      "kind": "title",
      "text": "An Important Reminder",
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