Four more state AGs join lawsuit against JetBlue-Spirit merger

📆 3/31/2023 5:02 PM
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The attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s proposed $3.8 billion...

The attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s JBLU proposed $3.8 billion purchase of Spirit Airlines SAVE. The four attorneys general are joining a suit by the U.S. Department of Justice and the attorneys general of Massachusetts, New York and Washington, D.C., that was filed earlier this month. At that time, Attorney General Merrick B.

... The attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s JBLU proposed $3.8 billion purchase of Spirit Airlines SAVE . The four attorneys general are joining a suit by the U.S. Department of Justice and the attorneys general of Massachusetts, New York and Washington, D.C., that was filed earlier this month. At that time, Attorney General Merrick B.

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This is an important development in the fight against the JetBlue-Spirit merger.

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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.
Source: CNBC - 🏆 12. / 72 Read more »