to block the JetBlue-Spirit Airlines merger, and some antitrust advocates are hoping they will take that legal action.
In October, Spirit shareholders voted to accept JetBlue's $3.8 billion hostile takeover bid for the ultra low cost carrier, beating out another ULCC, Frontier, for the airline. The deal was expected to close on Tuesday, but the airlines have agreed to a brief delay.If the merger wins regulatory approval and is finalized, the combination of JetBlue and Spirit would create the 5th largest airline in the U.S., with about 10% of the domestic market share.
Late last month, JetBlue and Spirit Airlines made a last-minute attempt to win Justice Department support, arguing that a merger would lower ticket prices across the industry.met with the leaders of the Justice Department's antitrust divisionIf the companies merge, JetBlue says it would reconfigure the interior of Spirit's planes in an effort to increase legroom. To keep fares low, Spirit maintains high passenger capacity on its planes.
Moss also says the merger will harm workers, but some airline unions support the JetBlue-Spirit merger. Traditionally, labor unions do not support major airline mergers, but this time some lab"Our union has experience with eight mergers in the past ten years," says Sara Nelson, president of the Association of Flight Attendants-CWA.
Jetblue was nice, not anymore. They and spirit make a great pair.
They should also block the Greyhound--Netjets merger.
Ghetto airlines.