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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. The Justice ...
JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. ... JetBlue pulls out of deal to buy Spirit Airlines. Chris Isidore, CNN. March 4, 2024 at 10:21 AM ...
JetBlue’s prospective purchase of Spirit would have been a buoy for the struggling discounter airline, which is facing the grounding of dozens of its Airbus planes for inspections stemming from ...
The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled ...
Following a trial, a federal judge blocked JetBlue's acquisition of Spirit Airlines on January 16, 2024, citing that the deal was anticompetitive towards other airline corporations and would harm consumers. As a result, Spirit Airlines' stock fell by approximately 47%, and the airline expressed concern over its future.
JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday.
JetBlue and Spirit Airlines announced Monday they are no longer planning to merge after facing opposition from the Biden administration. In January, a federal judge sided with the Biden ...
JetBlue has officially offered to buy Spirit Airlines at $3.6 billion, $33 dollars per share in cash, while Frontier’s offer to Spirit Airlines was quoted at $2.9 billion back in February.