Federal Judge Blocks JetBlue’s Planned $3.8 Billion Acquisition of Spirit Airlines ...Middle East

News by : (Times of San Diego) -
A JetBlue airliner. Courtesy of the company A federal judge on Tuesday blocked JetBlue Airways‘ planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines after agreeing with the U.S. Department of Justice that the deal was anticompetitive and would harm consumers. The ruling by U.S. District Judge William Young in Boston marked a victory for the Biden administration in its efforts to prevent further concentration of the U.S. airline industry and raises questions about the viability of another recently proposed deal, Alaska Air’s planned acquisition of Hawaiian Airlines. The court’s ruling finding the deal violated U.S. antitrust law also called into question Spirit

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