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News JetBlue-Spirit Airlines Planned $3.8 Billion Merger Dropped Due to Antitrust Concerns U.S. Attorney General Merrick Garland called the decision "yet another victory for the Justice Department ...
To assuage antitrust concerns, JetBlue pledged to sell several airport gates and flying slots owned by Spirit to low-cost carriers Frontier Group Holdings Inc. and Allegiant Airlines.
JetBlue Airways agreed to transfer some Spirit Airlines gates and flight slots at three airports to help lessen antitrust concerns over its pending acquisition of the low-cost carrier. Spirit ...
JetBlue's immediate next step, however, is to address some concerns it has with the DOJ's filing. "We now will get a chance to respond to the complaint, which is what we will do," Hayes said.
JetBlue Airways and Spirit Airlines said Friday they will appeal a federal judge’s ruling that blocked the air carriers’ planned tie-up because the proposed merger would violate US antitrust law.
Hayes and Spirit chief executive Ted Christie met with DOJ officials last month in a last ditch effort to try to assuage antitrust concerns over the merger, but they failed to win their approval ...
Spirit and Frontier were the bottom two airlines in the most recent passenger satisfaction survey conducted by JD Power.Its low-fare model also led to concerns that a sale to JetBlue would lead to ...
After Spirit Airlines declared that it had filed for Chapter 11 protection last November, rumors ... A federal judge ultimately blocked that agreement over antitrust concerns. Advertisement.
When the Biden administration blocked the merger of Spirit Airlines and JetBlue, it led to Spirit's bankruptcy. It's emblematic of the president's disastrous economics.
Attorneys general from California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit seeking to block JetBlue JBLU1.66%increase; green up pointing triangle Airways Corp ...
Biden Antitrust and the Spirit Airlines Bankruptcy. The Justice Department blocked a merger with JetBlue, and the result will be less competition, higher fares, and laid-off workers. By .
The two low-cost carriers announced the cancellation of their planned deal amid opposing concerns over airline price hikes and suppressing competition. United States United States ...