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.
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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).
In the most recent schedule update, Spirit Airlines (NK) modified its service for January 2024, extending cancellations on specific routes until mid-February 2024.
Spirit Airlines (NK) has recently declared a reduction in its flight operations at Denver International Airport (DEN), as stated in an official statement provided to TPG.
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.
Spirit Airlines (NK) is set to temporarily halt the training of new pilots and flight attendants, with plans to remain in effect “until further notice.”