BOSTON - The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines that dominate the U.S. skies.
"What we're really trying to do its establish a fifth viable competitor," he said, in response to questions from a lawyer for Spirit, Jay Cohen. Christie is the first witness in a trial before U.S. District Judge William Young in an antitrust lawsuit the Justice Department filed in March that argues a combined airline would harm discount consumers by increasing fares and reducing flight options.
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