US seeks to block JetBlue, Spirit Airlines merger at trial

© Reuters. FILE PHOTO: 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

But the Justice Department has said those divestitures are not enough, and in a lawsuit filed in March argued the combined airline would harm consumers by increasing fares and reducing choice on routes nationwide. "The transaction promises to replace Spirit with a higher-cost airline that offers fewer seats, charges higher fares, and is less likely to upset other airlines' higher prices," the department said in a court filing ahead of trial.

JetBlue in a statement said"our combination with Spirit is the best opportunity to disrupt the industry by increasing competition and choice, creating a long overdue national low-fare challenger to the dominant Big Four airlines."

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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' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

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.
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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...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »