A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. REUTERS/Mike Segar/File Photo
WASHINGTON, Feb 8 - JetBlue officials are answering questions and giving depositions as the Justice Department presses on with its antitrust review of the company's plan to buy Spirit"We want to be bigger. This is about jobs. This is about growth," said Joanna Geraghty, JetBlue's president and chief operating officer, pledging that a bigger JetBlue would put make it harder for the four airlines with 80% of the U.S. market to raise prices. "We hope that the Justice Department recognizes that a bigger JetBlue is a great thing for consumers."
In July, JetBlue Airways Corp prevailed over Frontier in a months-long bidding war for Spirit in a $3.8 billion deal. Geraghty declined to detail the company's interactions with the Justice Department, which is reviewing the deal to ensure it complies with antitrust law. She said JetBlue was not in negotiations with the government, but said the department was taking depositions. That step generally means that the government is at least considering a lawsuit aimed at blocking the deal.
TristinaLee 👀
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »