JetBlue stepping up campaign to save its plan to buy Spirit Airlines for $3.8 billion

JetBlue stepping up campaign to save its plan to buy Spirit Airlines for $3.8 billion

JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines

ByThe Associated Press

September 11, 2023, 11: 09 AM

FILE - A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines. JetBlue said Monday, Sept. 11, 2023 it reached a deal to turn over Spirit's gates at airports in Boston and Newark, New Jersey, to low-cost carrier Allegiant. (AP Photo/Wilfredo Lee, File)

FILE – A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines. JetBlue said Monday, Sept. 11, 2023 it reached a deal to turn over Spirit’s gates at airports in Boston and Newark, New Jersey, to low-cost carrier Allegiant. (AP Photo/Wilfredo Lee, File)

The Associated Press

NEW YORK — JetBlue Airways said Monday it has reached agreement to turn over Spirit Airlines’ operations at airports in Boston and Newark, New Jersey, as JetBlue ramps up its effort to win regulatory or court approval to buy Spirit.

JetBlue CEO Robin Hays said the announcement “is aimed at removing any doubt of our commitment to promoting competition.”

The U.S. Justice Department is suing to block JetBlue’s proposed $3.8 billion purchase of Spirit, arguing that it will hurt competition and raise prices by eliminating Spirit, the nation’s biggest discount airline. A trial is scheduled to start next month in federal court in Boston. Lawyers for two dozen consumers have fi

Read More

Similar Posts