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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.
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Show comments. WASHINGTON/BOSTON (Reuters) -JetBlue Airways and Spirit Airlines said on Friday they will appeal a federal judge's ruling that blocked the air carriers' planned tie-up on 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 ...
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The airlines note that the merger is dependent upon JetBlue obtaining $3.5 billion of financing. It could lose that financing if the merger does not occur by July 24.
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.
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 ...