JetBlue still hopes U.S. will not oppose Spirit merger

  • 📰 Reuters
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

JetBlue officials are answering questions and giving depositions as the Justice Department presses on with its antitrust review of the company's plan to buy Spirit , a small low cost rival, with a decision expected within weeks.

A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. REUTERS/Mike Segar/File Photo

WASHINGTON, Feb 8 - JetBlue officials are answering questions and giving depositions as the Justice Department presses on with its antitrust review of the company's plan to buy Spirit"We want to be bigger. This is about jobs. This is about growth," said Joanna Geraghty, JetBlue's president and chief operating officer, pledging that a bigger JetBlue would put make it harder for the four airlines with 80% of the U.S. market to raise prices. "We hope that the Justice Department recognizes that a bigger JetBlue is a great thing for consumers."

In July, JetBlue Airways Corp prevailed over Frontier in a months-long bidding war for Spirit in a $3.8 billion deal. Geraghty declined to detail the company's interactions with the Justice Department, which is reviewing the deal to ensure it complies with antitrust law. She said JetBlue was not in negotiations with the government, but said the department was taking depositions. That step generally means that the government is at least considering a lawsuit aimed at blocking the deal.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

TristinaLee 👀

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Spirit AeroSystems stock slides 5% premarket after company posts wider-than-expected quarterly lossSpirit AeroSystems Holdings Inc. stock slid 5% in premarket trade Tuesday, after the aerospace company posted a wider-than-expected loss for the fourth... Huh?! Could someone link me to that defi money glitch method people have been using to generate 'profits? Can't find it?
Källa: MarketWatch - 🏆 3. / 97 Läs mer »