US seeks to block JetBlue, Spirit Airlines merger at trial

📆 31/10/2023 11:26:00
📰 Reuters

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.

JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred Prouser/File Photo/File Photo

The department is suing alongside Democratic attorneys general from six states and the District of Columbia. They call Spirit a "disruptive and innovative airline" whose low-cost, no-frills model has forced price cuts industry-wide. The airlines counter that allowing the deal to go forward would strengthen JetBlue's own long-standing reputation as a market disruptor.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Antitrust trial to determine fate of JetBlue-Spirit merger set to beginThe Justice Department is squaring off against JetBlue, which is seeking to buy Spirit Airlines in a deal worth $6.8 billion.
Fonte: washingtonpost - 🏆 95. / 72 Consulte Mais informação »

JetBlue Reports Earnings Soon. What to Expect.The antitrust trial following the Justice Department’s lawsuit to block JetBlue’s proposed merger with Spirit Airlines is finally due to begin after a...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »