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California, three other states join U.S. bid to stop JetBlue-Spirit merger

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California and three other states on Friday joined the U.S. Justice Department lawsuit aimed at preventing JetBlue Airways from buying rival discount carrier Spirit Airlines for $3.8 billion.

"We look forward to litigating this important case alongside our state law enforcement partners to stop JetBlue from eliminating its rival, Spirit," Principal Deputy Assistant Attorney General Doha Mekki said in a statement.

the deal in a Reuters interview this month, saying it would save consumers money and boost available seats.

 

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California, three other states join U.S. bid to stop JetBlue-Spirit mergerThis will probably lose. Combined they would still only be the fifth largest airline. How does this reduce competition? I must be missing something.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Four more state AGs join lawsuit against JetBlue-Spirit mergerThe attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s proposed $3.8 billion... This is an important development in the fight against the JetBlue-Spirit merger.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »