The DoJ could file a suit as soon as March, according to the report, which added that people in the department's anti-trust division have competing opinions about whether to bring a case.
"We continue to work through the regulatory process to demonstrate how this merger will increase competition in the airline industry," JetBlue said in an emailed statement.Shares of JetBlue and Spirit were flat in extended trading on Friday.and gave depositions as the DoJ pressed on with its anti-trust review.
10% for the big guy and it’s a done deal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden administration moving toward blocking JetBlue-Spirit mergerInside the latest anti-monopoly move by the Biden administration ⬇️ The DOJ could file suit as soon as March, but no final decision has been made, sources say. The Obama-era DOJ drew heavy criticism for allowing the merger between American Airlines and U.S. Airways. That was one of the last of the major airline deals that led to the U.S. having just four big carriers: American, Delta, United and Southwest. Break apart the other airlines. You cannot favor some and cause the problem, then restrict others.
Source: politico - 🏆 381. / 59 Read more »
JetBlue still hopes U.S. will not oppose Spirit mergerJetBlue 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 , a small low cost rival, with a decision expected within weeks. TristinaLee 👀
Source: Reuters - 🏆 2. / 97 Read more »