The U.S. Department of Justice is suing to block JetBlue Airways’s proposed $3.8 billion acquisition of fast-growing rival Spirit Airlines, the agency announced March 7. The two discount airlines currently compete on hundreds of routes serving millions of travelers. Four domestic airlines—American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines— reportedly now make up…
DOJ Sues to Block JetBlue Acquisition of Spirit Airlines
March 7, 2023
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10 Taken to Hospital After Spirit Airlines Plane Makes Emergency Landing After Battery Fire
A total of ten people were taken to hospital on Wednesday after a Spirit Airlines flight made an emergency landing in Jacksonville, Florida, due to a battery fire in an overhead bin. A spokesperson for the Federal Aviation Administration (FAA) told multiple outlets that Spirit Airlines Flight 259 landed safely around 2 p.m., adding that the…
Proposed Airline Merger Would Bring More Competition and Lower Fares
Commentary If you want to see a classic case of how President Joe Biden’s regulatory tendencies are strangling the U.S. economy and raising prices, look no further than the latest Justice Department efforts to kill an airline merger that is pro-consumer. JetBlue has its sights on merging with a smaller and financially ailing airline, Spirit….
JetBlue Strikes Deal to Buy Spirit Airlines to Create 5th Biggest Low-Cost Carrier
JetBlue has struck a deal to buy Spirit Airlines in a transaction valued at $3.8 billion, the two companies said in a joint statement, laying the foundation for the creation of a low-fare challenger to the dominant big four U.S. airlines. JetBlue Airways Corporation and Spirit Airlines, Inc., announced on July 28 that their boards have…
JetBlue Strikes Deal to Buy Spirit Airlines to Create 5th Biggest US Carrier
JetBlue Airways has struck a deal to buy Spirit Airlines in a transaction valued at $3.8 billion, laying the foundation for the creation of a low-fare challenger to the dominant Big Four U.S. airlines. The companies jointly announced on July 28 that their boards have given the green light to a definitive merger agreement, which came hours…
Frontier Declines to Further Escalate Bidding War for Spirit Airlines
Low-cost carrier Frontier Group Holdings Inc. has declined to further raise its bid for takeover target Spirit Airlines Inc., potentially drawing curtains on its months-long bidding war with JetBlue Airways Corp. Spirit signed a cash-and-stock deal with rival Frontier in February to form a new no-frills airline and compete against big national carriers. In April,…
Spirit Airlines Defers Key Shareholder Vote on Frontier Deal Again
Spirit Airlines Inc. on Wednesday postponed a key shareholder vote on a proposed deal with Frontier Group Holding Inc. until next week. What Happened The Florida-based airline said it aims to discuss more options with Frontier and rival suitor JetBlue Airways Corp.. This is the second time Spirit has postponed the vote and said the meeting will now reconvene on July…
JetBlue Refuses to Give up Its Quest for Spirit Airlines
June 29, 2022
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CHICAGO—JetBlue Airways Corp. on Monday ratcheted up its bidding war with Frontier Group Holdings for Spirit Airlines Inc. as the race for the ultra-low-cost carrier enters the final stretch. Both bidders see Spirit as an opportunity to expand their domestic footprints at a time when the U.S. airline industry is dogged by labor and aircraft…
JetBlue Sweetens Offer for Spirit to Fend Off Frontier Bid
WASHINGTON—JetBlue Airways said Monday it had sweetened its takeover offer for Spirit Airlines to $33.50 per share in a bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines’ proposal. The move is the latest salvo in a tussle to create the fifth-largest U.S. airline, helping the buyer compete with…
Spirit in Talks Over JetBlue’s $3.4 Billion Offer, to Decide by End-June
Takeover target Spirit Airlines Inc. said on Tuesday it was in talks with JetBlue Airways Corp over a $3.4 billion sweetened offer and expects to decide on the proposal by the end of this month. The ultra-low-cost airline has granted JetBlue access to the due diligence information being shared with Frontier Group Holdings Inc. after…
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