Photo Illustration: Adele MorganAttorneys general from California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit seeking to block JetBlue Airways Corp.’s takeover of Spirit Airlines Inc.
“This merger could decrease competition in air travel, leading to fewer flight options and increased costs for travelers,” said North Carolina Attorney General Josh Stein. “A merger might benefit the airlines, but it could harm their customers.”
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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 »
California, three other states join U.S. bid to stop JetBlue-Spirit mergerCalifornia 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.
Source: Reuters - 🏆 2. / 97 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »