BOSTON - The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his plan to turn the airline into a more significant competitor to the four largest U.S. air carriers.
The four largest U.S. carriers - United Airlines, American Airlines, Delta Air Lines and Southwest Airlines - control 80% of the domestic market, compared with JetBlue's roughly 5% market share, Hayes said. The Justice Department counters that passengers would suffer roughly $1 billion in net harm annually if JetBlue absorbs Spirit, causing fares to rise.
U.S. District William Young, who has said he would try to rule by year's end, at one point when questioning Hayes raised the prospect of placing conditions on the deal's approval when he asked whether "you had ever heard of a judicial decision that says this doesn't pass muster, but if you did the following," it could proceed.
Former child actor Evan Ellingson, who starred in CSI: Miami and 24, died Sunday at his home in San Bernardino county, Calif. He was 35 years old. The news was confirmed to TMZ by Ellingson’s father Michael, who said his son was found dead at a sober living home. The former actor had struggled with …Donald Trump's niece suggested a key detail may also have been blotted out by her uncle's legal team.
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