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Spirit Airlines, the South Florida-based discount carrier, rejected a $3.3 billion takeover offer from JetBlue Airways, citing antitrust concerns.
News JetBlue-Spirit Airlines Planned $3.8 Billion Merger Dropped Due to Antitrust Concerns U.S. Attorney General Merrick Garland called the decision "yet another victory for the Justice Department ...
The board of Spirit Airlines rejected a $3.6 billion takeover bid by rival JetBlue Airways, saying it would continue to pursue a merger with Frontier Airlines.
To assuage antitrust concerns, JetBlue pledged to sell several airport gates and flying slots owned by Spirit to low-cost carriers Frontier Group Holdings Inc. and Allegiant Airlines.
Ultra low cost carrier Spirit Airlines on Monday rejected JetBlue Airways’ $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators.
JetBlue's immediate next step, however, is to address some concerns it has with the DOJ's filing. "We now will get a chance to respond to the complaint, which is what we will do," Hayes said.
JetBlue Airways agreed to transfer some Spirit Airlines gates and flight slots at three airports to help lessen antitrust concerns over its pending acquisition of the low-cost carrier. Spirit ...
Spirit Airlines’ (SAVE) board rejected JetBlue Airways Corporation’s (JBLU) overtures for the third time on Thursday.
Spirit and Frontier were the bottom two airlines in the most recent passenger satisfaction survey conducted by JD Power.Its low-fare model also led to concerns that a sale to JetBlue would lead to ...
US airlines' plans for growth constrained by antitrust concerns. By Rajesh Kumar Singh. December 6, 2023 9:56 PM UTC ... , opens new tab proposed merger with Spirit Airlines , opens new tab. ...
Attorneys general from California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit seeking to block JetBlue JBLU1.66%increase; green up pointing triangle Airways Corp ...
The two low-cost carriers announced the cancellation of their planned deal amid opposing concerns over airline price hikes and suppressing competition. United States United States ...