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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.
JetBlue faces a deadline in July to close the merger. Should the deal not close by then, the two sides could either agree to terminate the merger or extend the closing date.
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 ...
Airports can generate water pollution due to their extensive handling of jet fuel and deicing chemicals if not contained, contaminating nearby water bodies. Aviation activities emit ozone and ultrafine particles, both of which are health hazards. Piston engines used in general aviation burn Avgas, releasing toxic lead.
JetBlue Travel Products is a subsidiary of JetBlue Airways, established in 2018 [162] with the primary objective of expanding the airline's offerings beyond air travel. Recognizing the growing demand for comprehensive travel services, JetBlue created this wholly owned subsidiary to specialize in non-air products and enhance the overall travel ...
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 ...
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 ...
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.