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JetBlue Airways and Spirit Airlines will have to wait until June before a federal court hears their appeal of a ruling that blocked JetBlue’s proposed $3.8 billion purchase of its smaller rival.
DALLAS — A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
JetBlue said it will pay Spirit $69 million to finalize outstanding matters related to the transaction. Spirit Airlines said it will look to restructure its debt following the failed merger in ...
JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger.. JetBlue said Monday that even though both companies still believe in the ...
Spirit Airlines, Inc., stylized as spirit, is a major American ultra-low cost airline headquartered in Dania Beach, Florida, in the Miami metropolitan area. Spirit operates scheduled flights throughout the United States, the Caribbean, and Latin America. Spirit was the seventh largest passenger carrier in North America as of 2023, as well as ...
JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds.. The two-page appeal ...
In a ruling on January 16, 2024, a federal judge blocked JetBlue's acquisition of Spirit Airlines. [124] The two airlines initially said they would appeal, but on March 4, 2024, they announced they were calling off the merger, with JetBlue paying Spirit a breakup fee of $69 million and Spirit's shareholders $400 million. [125] [126]
Spirit Airlines stock keeps tanking. Here's what Wall Street analysts think is next for the low-cost carrier. Here's what's next for Spirit after its blocked merger deal with JetBlue [Video]