JetBlue's buyout of Spirit Airlines blocked by judge
The federal government took the merger to trial last year, arguing that JetBlue's acquisition of Spirit would increase prices and decrease competition.
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The federal government took the merger to trial last year, arguing that JetBlue's acquisition of Spirit would increase prices and decrease competition.
A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
U.S. District Judge William Young, citing concerns over stifling competition and removing a low-cost flying alternative from the market, blocked the JetBlue-Spirit merger. The Biden administration is touting the ruling as a progressive victory.
A federal judge has sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines
A federal judge has sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines.