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.
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UNITED STATES- United Airlines (UA) exacerbates Boeing’s ongoing 737 MAX crisis by revealing the discovery of loose bolts on several…
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.
FORT WORTH- Following the US Department of Justice’s determination in May that the Northeast Alliance (NEA) between two of the nation’s largest airlines was anticompetitive, American Airlines (AA) promptly expressed its plan to challenge the decision.
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.
In March, the DOJ initiated legal action to prevent the merger between Spirit and JetBlue.
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.
Southwest Airlines is set to increase the prices of beer, wine, and spirits starting November 15, representing an increase of up to 33%
Chengdu based Sichuan Airlines plans to resume flights to the Los Angeles, United States (US) beginning November 24.
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.