Biden administration sues to stop JetBlue from buying Spirit Airlines.
JetBlue and Spirit have anticipated the government challenge for weeks. The government had previously requested additional documents and depositions about JetBlue’s proposed $3.8 billion purchase of Spirit, the nation’s biggest budget airline.
Negotiations over a possible settlement failed.Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
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WSJ News Exclusive | JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ MergerJetBlue's CEO said he expects the Justice Department will try to block its planned takeover of Spirit in the coming days
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Justice Department set to block JetBlue's $3.8 billion deal for Spirit AirlinesThe carriers say joining forces would benefit travelers, but the blockbuster deal has been dogged by concerns it could hurt competition.
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Justice Department sues to block JetBlue’s acquisition of Spirit AirlinesJetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.
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JetBlue CEO Says Feds Will Sue Airline Over Its $3.8 Billion Merger With Spirit This WeekSpirit shares slipped as much as 8% while JetBlue jumped 2% as investors reacted to the latest drama surrounding the discount airline.
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JetBlue sees 'high likelihood' of U.S. lawsuit to block Spirit dealJetBlue Airways said Monday it believes the U.S. Justice Department has a 'high likelihood' of filing an antitrust lawsuit this week to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc .
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DOJ to file suit blocking JetBlue’s takeover of SpiritThe DOJ is expected to file suit as soon as Tuesday to block JetBlue’s pending $3.8 billion takeover of Spirit Airlines, arguing the deal would eliminate a critical low-cost carrier and raise prices in an already heavily-consolidated industry.
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