JetBlue agrees to buy Spirit In 3.8 billion dollar deal

Photo by: JetBlue Airlines
Photo by: JetBlue Airlines

(New York, NY) -- JetBlue Airways has deal to buy Spirit Airlines for three-point-eight billion dollars.

The agreement announced Thursday comes hours after Spirit scrapped plans to merge with Frontier Airlines.

JetBlue's acquisition of the discount carrier would create the country's fifth-largest airline, if regulators approve the deal. It would leave Frontier as the biggest discount airline in the U.S.