JetBlue Airways (B6) founder David Neeleman criticizes Spirit Airlines’ (NK) merger decisions, advocating for the initially planned Frontier Airlines (F9) partnership.
Blocking JetBlue Spirit Deal
Rumors of Spirit Airlines filing for Chapter 11 bankruptcy protection intensified following reports of company’s ongoing financial challenges.
Florida-based low-cost carrier Spirit Airlines (NK) is negotiating with bondholders about potential bankruptcy (Chapter 11) filing terms.
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.
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.
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).
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