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.
JetBlue Spirit Trial at Boston
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.
In March, the DOJ initiated legal action to prevent the merger between Spirit and JetBlue.
Spirit Airlines (NK) shareholders have been in anticipation since July 2022 regarding the proposed acquisition by JetBlue (B6).
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.