BOSTON - The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines that dominate the U.S. skies.
"What we're really trying to do its establish a fifth viable competitor," he said, in response to questions from a lawyer for Spirit, Jay Cohen. Christie is the first witness in a trial before U.S. District Judge William Young in an antitrust lawsuit the Justice Department filed in March that argues a combined airline would harm discount consumers by increasing fares and reducing flight options.
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:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US seeks to block JetBlue, Spirit Airlines merger at trialThe U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »
US seeks to block JetBlue, Spirit Airlines merger at trialExplore stories from Atlantic Canada.
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »
U.S. Department of Justice Seeks to Block JetBlue's Acquisition of Spirit AirlinesThe U.S. Department of Justice is going to trial to prevent JetBlue Airways from acquiring Spirit Airlines in a $3.8 billion deal. The trial aims to maintain competition among low-cost airlines and ensure affordable air travel for U.S. consumers.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »
Biden administration takes on JetBlue as its fight against industry consolidation goes to courtThe Biden administration's fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »