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US airline JetBlue announces $3.8bn acquisition of Spirit

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The companies plan to argue the deal will help consumers.

"We believe we can uniquely be a solution to the lack of competition in the US airline industry and the continued dominance of the Big Four," said JetBlue Chief Executive Robin Hayes.

But some aviation watchers think the transaction could draw criticism in Washington, where antitrust regulators sued to block an alliance of American Airlines and JetBlue. In the wake of JetBlue's challenge to the Spirit-Frontier deal, Spirit leaders, including Chief Executive Ted Christie, had depicted the JetBlue transaction as a risky bet in light of antitrust concerns, as they continued to advocate for the Frontier tie-up.

"We've been listening to the folks at JetBlue and they have a lot of good thoughts on their plans," Christie told the network.

 

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