Antitrust trial to determine fate of JetBlue-Spirit merger set to begin

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Justice Department is squaring off against JetBlue, which is seeking to buy Spirit Airlines in a deal worth $6.8 billion.

A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway at the Fort Lauderdale-Hollywood International Airport. The Biden administration wants to block JetBlue from buying Spirit, saying the deal would reduce competition and hurt travelers. A trial that will determine the fate of a $6.8 billion merger between JetBlue Airways and Spirit Airlines is set to begin Tuesday in U.S.

It will be up to U.S. District Court Judge William Young to make a final determination in the closely watched case, which is expected to last nearly three weeks. The case is playing out against the Biden administration’s more aggressive enforcement of antitrust laws, which has included challenges against mergers in health care, publishing and technology.

“In short, if not blocked, the merger of JetBlue and Spirit would result in higher fares and fewer choices for tens of millions of travelers across the country,” Attorney General Merrick Garland said in announcing the filing. “The Justice Department is suing to prevent that from happening.”Hayes has argued the only way to lower fares and improve the passenger travel experience is by bringing JetBlue to more markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 Read more »

Google CEO Sundar Pichai grilled over company's deleted chat logs at antitrust trialJustice Department attorneys pressed Pichai to explain his handling of now-infamous internal group chat from 2021.
Source: nypost - 🏆 91. / 67 Read more »

Alphabet CEO Sundar Pichai testifies in U.S. antitrust trial to defend Google's search businessIt was the first opportunity for the government's attorneys to press Google's top executive in open court on actions to secure its search dominance.
Source: CNBC - 🏆 12. / 72 Read more »

New revelation in Google antitrust case could make it tough for companyA loss by Google could bring about big changes for the entire industry, according to former White House CTO Aneesh Chopra.
Source: startelegram - 🏆 248. / 63 Read more »