BOSTON- As the antitrust trial concluded, a federal judge, deliberating on the U.S. Justice Department’s attempt to thwart JetBlue Airways’ (B6) planned $3.8 billion acquisition of Spirit Airlines (NK), suggested on Tuesday the potential approval of the deal if JetBlue were to divest additional assets.
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In March, the DOJ initiated legal action to prevent the merger between Spirit and JetBlue.
The trial that will decide the outcome of the merger between JetBlue Airways (B6) and Spirit Airlines (NK) commenced on Tuesday in U.S. District Court in Boston.
The antitrust trial initiated by the US Department of Justice (DOJ) to oppose the acquisition of Spirit Airlines (NK) by low-cost carrier JetBlue Airways (B6) could face delays if a federal government shutdown lasts more than two weeks
JetBlue (B6) has announced the mutual decision with Spirit Airlines (NK) to terminate their merger agreement scheduled for July 2022.
A federal judge has halted JetBlue Airways’ (B6) acquisition of budget carrier Spirit Airlines (NK), responding to a lawsuit by the Justice Department aiming to prevent the merger.
The imminent decision in the merger trial involving JetBlue Airways (B6) and Spirit Airlines (NK) has the potential to impact the entire airline industry significantly.
Currently, all attention is focused on the U.S. Justice Department’s attempt to prevent JetBlue (B6) from acquiring Spirit Airlines (NK) for $3.8 billion, a valuation nearly three times Spirit’s current market capitalization.
Spirit Airlines (NK) shareholders have been in anticipation since July 2022 regarding the proposed acquisition by JetBlue (B6).
NEW YORK- JetBlue Airways (B6) and Allegiant (G4) have officially agreed to a deal in which JetBlue will transfer all of Spirit Airlines (NK) holdings at Boston Logan International Airport (BOS) and Newark Liberty International Airport (EWR) to Allegiant.