JetBlue expecting DOJ lawsuit to block merger with Spirit
Robin Hayes told the Wall Street Journal he expects the DOJ to block the merger in the coming week after signaling its opposition to it.“My expectation is that we will get sued by the DOJ this week,” Hayes told the outlet. “My sense is they came to the table with their minds made up.”
The proposed merger would see JetBlue takeover Spirit for $3.8 billion, and the deal would be complete around the first half of 2024. Spirit shareholders approved the merger in October 2022. Spirit Airlines CEO Ted Christie called the merger the"most compelling national low-fare challenger to the dominant U.S. carriers."
Hayes said his company and Spirit plan to fight the DOJ's attempts to block the merger, adding that the proposed merger would promote competitiveness. “We’ve been talking about the lack of competitiveness in our industry for several years now,” Hayes told the outlet. “This combination is the remedy to that.”The Department of Justice is separately suing JetBlue and American Airlines over the Northeast Alliance, an agreement that allows the two airlines to sell tickets on each other's flights to popular destinations in the northeastern United States. It was designed to combat United Airlines and Delta Air Lines's dominance in the region.
The two airlines in the Northeast Alliance have called the lawsuit by the DOJ"absurd," saying that the department has no evidence that fares have increased as a result of the partnership.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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.
Weiterlesen »
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
Weiterlesen »
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 .
Weiterlesen »
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.
Weiterlesen »
Get into the Spirit: Behind the scenes of the 2023 Spirit AwardsBackstage at the Spirit Awards: A day at the beach with Michelle Yeoh, Paul Mescal, and Quinta Brunson
Weiterlesen »
FAA investigating close call involving JetBlue plane at Boston airportBOSTON — The Federal Aviation Administration is investigating another close call involving two jets at Boston Logan International Airport. The FAA said a Learjet took off from a runway without clearance from air traffic control while a JetBlue flight was preparing to land on an intersecting runway.
Weiterlesen »