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Biden admin. leaning toward blocking JetBlue-Spirit merger: report

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The Department of Justice is reportedly likely to take legal action to block a pending $3.8 billion merger between JetBlue Airways Corp. and Spirit Airlines Inc.

JetBlue Airways Airbus A320-232 takes off from Los Angeles International Airport on July 30, 2022, in Los Angeles.

Joanna Geraghty, JetBlue’s chief operating officer, told Reuters earlier in the week that the airlines are still optimistic they can avoid a lawsuit. "We hope that the Justice Department recognizes that a bigger JetBlue is a great thing for consumers," she said. A Spirit Airlines plane lands at Oakland International Airport on July 28, 2022, in Oakland, California.

JetBlue officials answered questions and gave depositions as the department has continued with its anti-trust review of the merger.

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Why? Don’t the Chinese approve? They didn’t offer the big guy 10%? Are airline mergers ripe with: a) systemic racism? b) White supremacy? c) global warming…or did Donald Trump say he supports this merger?

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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 »

Biden administration moving toward blocking JetBlue-Spirit merger - PoliticoThe U.S. Department of Justice is likely to sue to block a pending $3.8 billion merger between JetBlue Airways Corp and Spirit Airlines Inc , Politico reported on Friday, citing five people with knowledge of the matter. 10% for the big guy and it’s a done deal.
Source: Reuters - 🏆 2. / 97 Read more »