JetBlue, Spirit end $3.8 billion merger agreement after losing antitrust suit
Headline from NBC 6 South Florida
JetBlue and Spirit Airlines had appealed a federal judge’s decision to block their merger earlier in January.
NBC 6 South Florida's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
After a federal judge blocked the deal, ruling it would hurt competition, JetBlue said both airlines still believe in the merger's benefits but are terminating the deal.
JetBlue and Spirit agreed to terminate their merger agreement after facing regulatory hurdles. The airlines issued a joint statement saying that the decision "is the best path forward."
JetBlue and Spirit Airlines are ending their proposed $3.8 billion merger after a federal judge blocked the deal, ruling it would hurt competition. JetBlue said Monday that even though both
JetBlue said today that even though both companies still believe in the deal, they were unlikely to meet the closing conditions required in the agreement before a July 24 deadline.
The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for those who depend on low-fare Spirit.
(Adds termination of deal) March 4 (Reuters) - JetBlue Airways terminated its long-planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines after the deal was blocked by a federal
MIRAMAR, Fla., March 4, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit") (NYSE: SAVE) today announced that its merger agreement with JetBlue Airways Corporation has been terminated by mutual agreement.
JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law.The
JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the the deal, saying it would hurt consumers who depend on Spirit’s lower fares. JetBlue said Monday that even though both companies still believe in the deal, they were unlikely to …
JetBlue and Spirit said called off their proposed $3.8 billion merger agreement -- weeks after a federal judge blocked the acquisition, which would have created the nation's fifth-largst airline.
A federal judge blocked the proposed merger in January after the Justice Department sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers.
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