Why JetBlue is so desperate to buy Spirit ...Middle East

Quartz - Economy
Why JetBlue is so desperate to buy Spirit
source : Quartz ( Middle East ) () 13
JetBlue wants to buy Spirit Airlines—badly. Since April, the company has been locked in a battle with its smaller rival, Frontier Airlines, over its potential Spirit merger. On June 20, JetBlue raised its offer price to $3.6 billion, roughly two thirds higher than the current value of Frontier’s offer, which stands at about $2.2 billion.At times, JetBlue’s offered price has nearly doubled Frontier’s, but Spirit’s board of directors has steadfastly refused JetBlue’s advances for fear of monopoly regulators blocking the deal. The US Justice Department is already suing JetBlue to block a proposed partnership with American Airlines, which prosecutors say would unfairly reduce competition.Spirit’

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