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Story summary
- JetBlue Airways bid $58.5 million for Spirit Aviation’s 22 LaGuardia slots.
- Frontier Airlines offered $57.5 million as a backup if JetBlue’s purchase fails.
- The slots would let JetBlue nearly double its LaGuardia flights, adding to its 31 existing slots.
- The sale, pending approval from the bankruptcy court, the Federal Aviation Administration and the Port Authority, faces a July 22 hearing after Spirit ceased operations on May 2 with $8.1 billion debt and 17,000 layoffs.
