The two airlines last year agreed to combine in a $3.8 billion deal with the aim of creating the fifth-largest airline in the U.S.
JetBlue JBLU, -0.24% and Spirit SAVE, +1.65% have said that combining their operations would boost competition in the domestic airline industry, not hurt it. Robin Hayes, the chief executive of JetBlue, earlier this week told the Wall Street Journal that the Biden administration’s antitrust regulators have seemed intent on stopping the merger from the beginning.
“My sense is they came to the table with their minds made up,” Hayes told the Journal. He said that JetBlue was prepared to contest the DOJ lawsuit in court.
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WSJ News Exclusive | JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ MergerJetBlue's CEO said he expects the Justice Department will try to block its planned takeover of Spirit in the coming days Come on this is david stern blocking cp3 to the lakers all over again AndrewTangel nice article. Has the breakup not been paid already?
Source: WSJ - 🏆 98. / 63 Read more »
Justice Department sues to block JetBlue’s acquisition of Spirit AirlinesJetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit. why block it. One bad airline purchasing another bad one. Maybe they can create a mediocre one. LOL!
Source: CNBC - 🏆 12. / 72 Read more »
Justice Department Sues to Block JetBlue-Spirit MergerBreaking: The Justice Department filed a lawsuit seeking to block JetBlue Airways from merging with Spirit Airlines, arguing the deal would stifle competition and lead to higher fares The Justice Department worrying about things that might happen over things that have happened isn’t justice. See exhibit A; the lack of justice over Jeffery Epstein and his clients? 🦗 🦗 🦗 When trying to determine whether the deal is good or bad for the consumer, ask yourself this… Do the big four (UA, AA, DL, WN) want the merger to succeed or to be blocked? I get wanting competition in the airline business, but spirit is such a shitty airline it’s probably better for them to attach themselves to JetBlue.
Source: WSJ - 🏆 98. / 63 Read more »
Justice Department files suit to block JetBlue merger with Spirit AirlinesBREAKING: Justice Department files lawsuit to stop the proposed merger between JetBlue and Spirit Airlines. More Biden government nonsense. this seems like government overreach, they would only have like 8% of the total market, there's no need for this waste of tax payers money Why is this being blocked?
Source: ABC - 🏆 471. / 51 Read more »