Posted 9/11/2023, 3:22:53 PM
JetBlue Offers Concessions to Help Win Approval for $3.8B Spirit Acquisition
- JetBlue reaches deal to give Spirit gates to Allegiant at Boston and Newark airports to help win approval for $3.8B Spirit purchase
- Justice Department suing to block JetBlue's purchase of Spirit, saying it will hurt competition and raise prices
- Trial scheduled next month in Boston federal court; consumers filed similar lawsuit
- JetBlue previously had to scrap partnership with American Airlines after Justice Department lawsuit
- JetBlue argues buying Spirit will make it more competitive against bigger U.S. airlines