JetBlue and Spirit end $3.8B merger. Here's why | AP News
JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares.
JetBlue Announces Termination of Merger Agreement with Spirit
Mar 4, 2024 · NEW YORK-- (BUSINESS WIRE)-- JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger …
Justice Department Statements on JetBlue Terminating Acquisition …
Mar 4, 2024 · JetBlue Airways Corporation (JetBlue) announced today that it has abandoned its $3.8 billion acquisition of Spirit Airlines Inc. (Spirit).
JetBlue-Spirit Airlines merger called off - CNBC
Mar 4, 2024 · JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of the …
What to know about the blocked JetBlue-Spirit Airlines merger
A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
JetBlue pulls out of deal to buy Spirit Airlines
Mar 4, 2024 · JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. The decision comes in the wake of a federal court ruling blocking the deal from taking …
Spirit Airlines shares plunge after judge blocks JetBlue merger
Jan 16, 2024 · Spirit Airlines shares tanked 47% on Tuesday after a federal judge in Boston ruled against JetBlue’s proposed $3.8 billion acquisition of the discount airline.
JetBlue Submits Superior Proposal to Acquire Spirit, Positioning ...
Apr 5, 2022 · The combination of JetBlue and Spirit would create the fifth largest domestic airline, better positioning it on a national level as a customer-centric, low-fare alternative to the dominant …
JetBlue Airways Corporation - JetBlue and Spirit to Create a …
Jul 28, 2022 · JetBlue would extend its goal to convert 10% of jet fuel to sustainable aviation fuel (SAF) by 2030 to the combined airline, with plans to introduce regular use of SAF into Spirit's …
Court blocks JetBlue’s attempt to buy Spirit Airlines
Jan 16, 2024 · The Justice Department and state attorneys general have successfully blocked JetBlue Airways’ $3.8 billion attempted purchase of ultra low-cost carrier Spirit Airlines, the …