Biden administration takes on JetBlue as its fight against industry consolidation goes to court

  • 📰 AP
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The Biden administration and JetBlue Airways are facing off in court over the Biden administration's effort to stop JetBlue from buying Spirit Airlines. The trial over the government's antitrust lawsuit is scheduled to begin Tuesday in Boston. JetBlue is trying to buy Spirit for $3.

FILE - In this Jan. 20, 2011, file photo, a JetBlue logo is displayed on the side of a jet as it taxis at Boston’s Logan International Airport. JetBlue says it will expand its transatlantic flying next spring and summer. The airline said Wednesday, Oct. 25, 2023 it will operate daily flights from New York and Boston to Dublin from March through September, and it plans to fly between New York and Edinburgh from late May through September.

The Justice Department is fresh off victory in a previous lawsuit that killed a partnership between JetBlue and American Airlines. The New York carrier argues that it needs Spirit to bulk up and compete better against the bigger airlines. JetBlue touts itself as “one of the most disruptive and innovative companies in the history of the airline industry,” and says it can bring down fares if it can go head-to-head against the Big Four on more routes.

“Consumers are better off with an independent Spirit, not a JetBlue intent on removing seats from planes and charging higher fares,” government lawyers argued in their pre-trial brief. They say the harm will fall hardest on cost-conscious consumers.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 728. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: washingtonpost - 🏆 95. / 72 اقرأ أكثر »

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 »

US seeks to block JetBlue, Spirit Airlines merger at trialUS seeks to block JetBlue, Spirit Airlines merger at trial
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

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 »