JetBlue blocked from acquiring Spirit Airlines in $3.8B deal
A federal judge blocked JetBlue Airways' planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines.
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A federal judge blocked JetBlue Airways' planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines.
The ruling marked a victory for the Biden administration in its efforts to preserve competition among the lowest cost airlines to ensure that air travel remains affordable for more U.S. consumers
A federal judge on Tuesday blocked JetBlue Airways' planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines after agreeing with the U.S. Department of Justice the deal would reduce...
BOSTON (Reuters) -A federal judge on Tuesday blocked JetBlue Airways' planned $3.8-billion acquisition of ultra-low-cost carrier Spirit Airlines after agreeing with the U.S. Department of Justice that the deal was anticompetitive and would harm ticket buyers. JetBlue's lawyers had called the case a "misguided" challenge to a merger of the nation's sixth- and seventh- largest airlines, which combined would control 10.2% of a domestic market dominated by four larger airlines. The ruling by U.S. District Judge William Young in Boston marked a victory for the White House...
There is no jury in the trial, which has stretched over several weeks and included testimony by the CEOs of both airlines.