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California, three other states join US bid to stop JetBlue-Spirit merger

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California and three other states on Friday joined the U.S. Justice Department lawsuit aimed at preventing JetBlue Airways from buying rival discount carrier Spirit Airlines for $3.8 billion.

"Preserving the status quo is the most anti-competitive step that the federal government and these states can take," the airline added.

Adding state attorneys general could mean extra staffing for litigation and additional expertise regarding effects on particular states. The lawsuit is the latest attempt by President Joe Biden's administration to push back against further consolidation in industries dominated by large companies. Separately, Florida Attorney General Ashley Moody resolved a state probe into the deal after the airlines agreed to increase seat capacity by at least 50% in both Fort Lauderdale and Orlando airports if the merger is completed.Our Standards:Focused on U.S. antitrust as well as corporate regulation and legislation, with experience involving covering war in Bosnia, elections in Mexico and Nicaragua, as well as stories from Brazil, Chile, Cuba, El Salvador, Nigeria and Peru.

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Nooooo! JetBlue Don’t do it!

Spirit: If greyhound had wings.

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California, three other states join U.S. bid to stop JetBlue-Spirit mergerThis will probably lose. Combined they would still only be the fifth largest airline. How does this reduce competition? I must be missing something.
La source: CNBC - 🏆 12. / 72 Lire la suite »

California, three other states join U.S. bid to stop JetBlue-Spirit mergerCalifornia and three other states on Friday joined the U.S. Justice Department lawsuit aimed at preventing JetBlue Airways from buying rival discount carrier Spirit Airlines for $3.8 billion.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Four more state AGs join lawsuit against JetBlue-Spirit mergerThe attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s proposed $3.8 billion... This is an important development in the fight against the JetBlue-Spirit merger.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

More States Join Antitrust Lawsuit to Block JetBlue, Spirit MergerAttorneys general from California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit seeking to block the merger of JetBlue and Spirit Airlines Sure, but Delta and Northwest Air was not an issue?
La source: WSJ - 🏆 98. / 63 Lire la suite »