Spirit Airlines prefers takeover bid from Frontier over JetBlue
2 years, 10 months ago

Spirit Airlines prefers takeover bid from Frontier over JetBlue

Al Jazeera  

The development was a reversal from last month, when Spirit was said to have favoured JetBlue’s offer. Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9bn takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6bn offer. Spirit said antitrust regulators are unlikely to approve JetBlue’s offer because of JetBlue’s alliance with American Airlines in the Northeast, a deal that the US Department of Justice is suing to block. “We struggle to understand how JetBlue can believe” that the Justice Department or a court would let JetBlue strike a deal with American, then buy Spirit, eliminating the nation’s largest low-cost airline, the Spirit board said in a letter to JetBlue directors. However, Spirit’s board said Monday that the revised offer is unlikely to appease regulators because the revised offer still “makes clear that JetBlue is unwilling to terminate” the partnership with American.

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History of this topic

Spirit Airlines to Exit Bankruptcy Under Go-Private Deal
1 month ago

Spirit Airlines to Exit Bankruptcy Under Go-Private Deal

Live Mint  

-- Spirit Airlines Inc. won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings Inc. Judge Sean Lane said Thursday he would authorize Spirit’s restructuring plan, which hands control of the Florida-based discount airline to top bondholders. Spirit in November sought court protection to restructure about $1.6 billion in …

Frontier CEO Sees ‘Green Light’ for Airline Deals Under Trump
1 month ago

Frontier CEO Sees ‘Green Light’ for Airline Deals Under Trump

Live Mint  

Frontier Group Holdings Inc.’s CEO said he expects President Donald Trump’s antitrust enforcers to embrace airline deals after multiple tie-ups were blocked during the Biden administration. “If you want to do M&A, you’ve got a green light,” Frontier Chief Executive Officer Barry Biffle said at a Barclays conference Wednesday. “I think everybody other than maybe Delta and United could buy …

Spirit Airlines rejects takeover bid from rival Frontier, again
1 month, 1 week ago

Spirit Airlines rejects takeover bid from rival Frontier, again

Associated Press  

Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances. The offer this week, like the last bid, offers Spirit shareholders $400 million in debt and a 19% stake in Frontier Group Holdings Inc., the parent company of Frontier. “We …

Bankrupt Spirit Air Rebuffs New Takeover Offer From Frontier
1 month, 3 weeks ago

Bankrupt Spirit Air Rebuffs New Takeover Offer From Frontier

Live Mint  

-- Bankrupt Spirit Airlines Inc. rejected a new acquisition offer from the parent of Frontier Airlines but said it remains open to a long-discussed combination of the budget carriers. Frontier Group Holdings Inc. met with Spirit’s leaders in recent days to discuss a proposal that it values at about $2.2 billion, supported by the issuance of new Frontier debt and …

Frontier makes a second bid for Spirit as budget airlines struggle
1 month, 3 weeks ago

Frontier makes a second bid for Spirit as budget airlines struggle

Associated Press  

NEW YORK — No-frills, budget airlines often lead the industry in customer complaints, according to government data, so if one were to disappear would it be missed by travelers? That is a question U.S. regulators will be asking after Frontier Airlines said Wednesday that it wanted to buy Spirit Airlines, which sought bankruptcy protection late last year. Spirit said almost …

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
4 months ago

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

Associated Press  

NEW YORK — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. Reassuring customers that the bankruptcy won’t impact their travel plans or loyalty programs will be crucial to Spirit’s short-term ability to preserve business, according to Sarah Foss, global head of legal at financial services company Debtwire. While Spirit says currently scheduled …

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
4 months ago

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Spirit Airlines, the largest budget …

US budget carrier Spirit Airlines files for bankruptcy amid severe financial losses
4 months ago

US budget carrier Spirit Airlines files for bankruptcy amid severe financial losses

Hindustan Times  

US low-cost carrier Spirit Airlines grappling with financial woes on Monday announced it had filed for bankruptcy as part of a restructuring agreement with its creditors. US low-cost carrier Spirit Airlines grappling with financial woes announced on November 18, 2024, it had filed for bankruptcy as part of a restructuring agreement with its creditors. "Spirit has received backstopped commitments for …

Biggest US budget carrier Spirit Airlines files for bankruptcy as debt payments loom
4 months ago

Biggest US budget carrier Spirit Airlines files for bankruptcy as debt payments loom

Live Mint  

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling …

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
4 months ago

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Associated Press  

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit told customers Monday they can book flights and use frequent-flyer points as they ordinarily would, and said …

Spirit Airlines files for bankruptcy protection as financial losses pile up
4 months ago

Spirit Airlines files for bankruptcy protection as financial losses pile up

LA Times  

Spirit Airlines has filed for bankruptcy protection after a failed attempt to be acquired by competitor JetBlue. Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused drop in travel and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. budget airline, …

Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
4 months, 1 week ago

Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up

Associated Press  

NEW YORK — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it won’t announce quarterly financial results on time while it continues talks with bond holders to restructure its debt. If it can reach a deal, Spirit said, it would go through “a statutory restructuring” that would protect creditors, employees, customers and companies that do business …

Spirit Airlines prepares for bankruptcy - sparking fears of mass route cancellations across America
4 months, 1 week ago

Spirit Airlines prepares for bankruptcy - sparking fears of mass route cancellations across America

Daily Mail  

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines nosedived - sparking fears among flyers about mass cancelations. Spirit airlines share price plunged 45 percent in aftermarket trading on Tuesday after news that it was set to file for bankruptcy was reported by the Wall Street Journal. Spirit executives saw the merger with JetBlue …

Spirit Airlines is going upscale. In a break from its history, it will offer fares with extra perks
7 months, 3 weeks ago

Spirit Airlines is going upscale. In a break from its history, it will offer fares with extra perks

Associated Press  

Spirit Airlines is moving farther away from its history as a fee-happy budget airline and will start selling tickets that include some of its most popular extras in bundles. CEO Ted Christie said the changes are “taking low-fare travel to new heights.” They also indicate the deep trouble with Spirit’s longtime business model. The airline with bright yellow planes hasn’t …

Boeing bears the brunt of crisis with criminal fraud charge and now Spirit deal
8 months, 3 weeks ago

Boeing bears the brunt of crisis with criminal fraud charge and now Spirit deal

Hindustan Times  

Six months after a fuselage blowout threw Boeing Co. into crisis, the full weight of the legal and financial fallout from the near-catastrophic accident is bearing down on the embattled US plane maker. US aircraft manufacturer Boeing says to buy subcontractor Spirit for $4.7 billion The US Justice Department plans to charge Boeing with criminal fraud after finding the company …

Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion
8 months, 3 weeks ago

Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion

Associated Press  

ARLINGTON, Va. — Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice. No one was seriously injured in the Alaska Airlines door incident, which terrified passengers, but Boeing is under pressure from the U.S. Justice …

Amid pressure on safety, Boeing is buying stressed supplier Spirit Aerosystems for $4.7 billion
8 months, 3 weeks ago

Amid pressure on safety, Boeing is buying stressed supplier Spirit Aerosystems for $4.7 billion

LA Times  

Boeing announced plans late Sunday to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm. Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice. “Bringing Spirit and Boeing together will …

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year
11 months, 2 weeks ago

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

Associated Press  

Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday. “Deferring these aircraft gives us the opportunity to reset the business and focus on the core airline while we adjust to changes in the competitive environment,” said Spirit …

JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal
1 year ago

JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal

Hindustan Times  

JetBlue Airways Corp. formally abandoned its pursuit of Spirit Airlines Inc. more than a month after a federal judge blocked the $3.8 billion acquisition on antitrust grounds. “The lingering uncertainty is distracting and taking our resources away from more pressing priorities.” The decision ends JetBlue’s lengthy quest for Spirit and marks a sharp reversal after the companies pledged to fight …

JetBlue, Spirit Ending $3.8 Billion Merger Plan After Federal Judge Blocked Deal
1 year ago

JetBlue, Spirit Ending $3.8 Billion Merger Plan After Federal Judge Blocked Deal

Huff Post  

FILE - A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. via Associated Press 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 …

JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
1 year ago

JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal

Associated Press  

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. “Today’s decision by JetBlue is yet another victory for the Justice Department’s work on behalf of American consumers,” Attorney General Merrick Garland said in a statement. “The Justice Department …

JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal
1 year ago

JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal

LA Times  

JetBlue and Spirit Airlines are ending their proposed $3.8-billion merger after a court ruling blocked the deal. JetBlue Airways and Spirit Airlines are ending their proposed $3.8-billion merger weeks after a federal judge blocked the the deal, saying it would hurt consumers who depend on Spirit’s lower fares. JetBlue’s new chief executive, Joanna Geraghty, called the merger “a bold and …

Spirit Aerosystems shares surge on possible Boeing buy
1 year ago

Spirit Aerosystems shares surge on possible Boeing buy

Hindustan Times  

Shares of Spirit AeroSystems surged Friday on news Boeing is in talks to potentially acquire the supplier as the aviation giant seeks to right itself amid its latest safety crisis. HT Image Spirit finished Friday's session up more than 15 percent following a Wall Street Journal report that it hired bankers and was holding preliminary talks to be bought by …

Boeing confirms it’s in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max
1 year ago

Boeing confirms it’s in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max

Associated Press  

DALLAS — Boeing said Friday that it is in preliminary talks to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout on an Alaska Airlines flight in January. Boeing used to own Spirit, and it said that bringing the supplier back into the Boeing fold would improve plane quality and …

JetBlue shares soar as activist investor Carl Icahn takes a stake in the airline
1 year, 1 month ago

JetBlue shares soar as activist investor Carl Icahn takes a stake in the airline

Associated Press  

Shares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline. Icahn, who purchased the shares in January and February, said in a regulatory filing that he believe JetBlue’s stock is undervalued and represents an attractive investment opportunity. JetBlue was dealt a major blow last month …

Court sets June hearing for JetBlue and Spirit appeal of a ruling blocking their $3.8 billion merger
1 year, 1 month ago

Court sets June hearing for JetBlue and Spirit appeal of a ruling blocking their $3.8 billion merger

Associated Press  

BOSTON — JetBlue and Spirit Airlines will have to wait until June before a federal court hears their appeal of a ruling that blocked JetBlue’s proposed $3.8 billion purchase of the smaller rival. They asked for an expedited hearing in May so the court could rule before a July 24 deal-closing deadline in their merger agreement. The appeals court ordered …

JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US
1 year, 1 month ago

JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US

Associated Press  

NEW YORK — JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday. Spirit shot back that it finds no reason to terminate the deal and will continue to meet its obligations, “and it expects JetBlue to …

JetBlue’s incoming CEO clings to Spirit deal with few other options
1 year, 2 months ago

JetBlue’s incoming CEO clings to Spirit deal with few other options

LA Times  

Joanna Geraghty officially takes over as JetBlue’s chief executive in February. In addition to a federal judge last week blocking the carrier’s plan to acquire Spirit in a $3.8-billion deal, JetBlue’s route-sharing partnership with American Airlines Group was shot down in the courts last year. “But that seems to have worked off in the recent years and they seem like …

JetBlue and Spirit Airlines say they will appeal a judge’s ruling that blocked their merger
1 year, 2 months ago

JetBlue and Spirit Airlines say they will appeal a judge’s ruling that blocked their merger

Associated Press  

NEW YORK — JetBlue and Spirit Airlines said Friday they will appeal a federal judge’s ruling this week that blocked their plan to combine into a single carrier. The U.S. Justice Department had sued to stop the deal, arguing that consumers would be harmed and forced to pay higher fares if Spirit — the nation’s biggest discount airline — were …

Spirit Air stock bounces back a bit, airline says holiday travel boosted revenue
1 year, 2 months ago

Spirit Air stock bounces back a bit, airline says holiday travel boosted revenue

Associated Press  

Spirit Airlines jumped in morning trading Friday after the struggling discount carrier said a strong holiday travel season boosted its fourth-quarter revenue. Spirit said it expects to post revenue of $1.3 billion when it releases its results for the final quarter of 2023 early next month. The airline’s shares lost more than half their value earlier in the week after …

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?
1 year, 2 months ago

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. But a federal judge in Boston scuttled that plan …

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?
1 year, 2 months ago

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

Associated Press  

Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates …

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here's what you need to know
1 year, 2 months ago

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here's what you need to know

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The judge ruled that JetBlue's purchase …

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here’s what you need to know
1 year, 2 months ago

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here’s what you need to know

Associated Press  

NEW YORK — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled that JetBlue’s purchase of Spirit, the nation’s largest low-cost airline, would harm competition — and increase prices for air travelers as a result. Tuesday’s …

JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
1 year, 2 months ago

JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

Associated Press  

DALLAS — A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. “To those dedicated customers of Spirit, this one’s for you.” Young said that a JetBlue-Spirit combination “would likely place stronger competitive pressure on the larger airlines in the country. At the same …

Judge blocks JetBlue’s $3.8-billion buyout of Spirit Airlines, cites competition threat
1 year, 2 months ago

Judge blocks JetBlue’s $3.8-billion buyout of Spirit Airlines, cites competition threat

LA Times  

U.S. District Judge William Young said in a ruling Tuesday that the JetBlue-Spirit Airlines deal would “substantially lessen competition.” 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. U.S. District Judge William Young, who presided over a non-jury trial last year, said in the ruling …

A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
1 year, 3 months ago

A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end

Associated Press  

BOSTON — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allow JetBlue to buy Spirit Airlines. The lawyer, Ryan Shores, said JetBlue needs Spirit to be a “viable challenger” to the four airlines that control most of …

Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?
1 year, 3 months ago

Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?

Associated Press  

Another proposed airline buyout is renewing debate over whether there has been too much consolidation in the industry — and whether consumers are paying the price. The Biden administration has taken a tough stance against mergers, and it is certain to take a close look at Alaska Air Group’s proposed acquisition of Hawaiian Airlines for $1 billion in cash. Alaska …

Biden administration takes on JetBlue as its fight against industry consolidation goes to court
1 year, 4 months ago

Biden administration takes on JetBlue as its fight against industry consolidation goes to court

Associated Press  

The Biden administration’s fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court. The trial in federal district court in Boston could reshape the market for low-cost airlines — Spirit is by far the nation’s biggest budget carrier, and it will disappear if JetBlue wins the …

Biden administration and JetBlue square off in court over Spirit deal
1 year, 4 months ago

Biden administration and JetBlue square off in court over Spirit deal

LA Times  

The Biden administration’s fight against consolidation in the airline industry is being tested in court in an antitrust lawsuit brought by the Justice Department over a deal between JetBlue and Spirit. But JetBlue lawyer Ryan Shores called the government’s objections “misguided” and told the judge that combining with Spirit was necessary for the two small carriers to better compete with …

American Airlines and JetBlue will end their partnership next week after losing antitrust case
1 year, 8 months ago

American Airlines and JetBlue will end their partnership next week after losing antitrust case

Associated Press  

NEW YORK — American Airlines and JetBlue Airways will end their partnership in the Northeast next week, after a judge ruled that the deal violates antitrust law. JetBlue said Friday that it will end codesharing – the practice of selling seats on each other’s flights – and reciprocal frequent-flyer benefits on July 21. The Justice Department sued to kill the …

JetBlue is dumping its partnership with American Airlines to salvage its purchase of Spirit
1 year, 8 months ago

JetBlue is dumping its partnership with American Airlines to salvage its purchase of Spirit

Associated Press  

JetBlue says it will end a partnership with American Airlines in the Northeast after losing a court fight over the deal, and will instead focus on salvaging its proposed purchase of Spirit Airlines. The Justice Department sued to block both the JetBlue-American deal and JetBlue’s agreement to buy Spirit for $3.8 billion on grounds that they would hurt competition. JetBlue’s …

JetBlue strikes a deal to sell Spirit’s LaGuardia operation if it succeeds in buying Spirit
1 year, 9 months ago

JetBlue strikes a deal to sell Spirit’s LaGuardia operation if it succeeds in buying Spirit

Associated Press  

JetBlue Airways said Thursday it has agreed to sell Spirit Airlines’ holdings at New York’s LaGuardia Airport to Frontier Airlines if it succeeds in buying Spirit. “We are committed to ensuring our combination with Spirit preserves ultra low-cost carrier access in New York,” JetBlue CEO Robin Hayes said. “We are pleased that this agreement with Frontier will maintain the same …

US sues to block JetBlue from buying Spirit Airlines
2 years ago

US sues to block JetBlue from buying Spirit Airlines

Associated Press  

The Biden administration sued to block JetBlue Airways’ $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers. The Justice Department said the tie-up would especially hurt cost-conscious travelers who depend on Spirit to find cheaper options to JetBlue and other airlines. “We said when we got the offer …

U.S. sues to block JetBlue from buying Spirit Airlines
2 years ago

U.S. sues to block JetBlue from buying Spirit Airlines

LA Times  

The Biden administration sued on Tuesday to block JetBlue Airways’ $3.8-billion purchase of Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers. The Justice Department said in the lawsuit, filed in federal district court in Boston, that the deal would end direct competition between JetBlue and Spirit and eliminate Spirit, the nation’s biggest “ultra-low-cost …

JetBlue pilots give approval to contract extension with over 21% in raises
2 years, 1 month ago

JetBlue pilots give approval to contract extension with over 21% in raises

Firstpost  

JetBlue Airways pilots have given their approval to a contract extension as the airline industry tries to progress amid shortage of pilots and discussions with labour unions. As per a CNBC report, the JetBlue contract extension will see pilots get 21.5 percent pay hike in the next 18 months. If the regulators do not approve the merger between JetBlue and …

Spirit Airlines shareholders approve $3.8B sale to JetBlue
2 years, 5 months ago

Spirit Airlines shareholders approve $3.8B sale to JetBlue

Associated Press  

Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Wall Street widely expected shareholders to approve the sale after they forced Spirit to drop …

JetBlue CEO first witness in US lawsuit against 2 airlines
2 years, 5 months ago

JetBlue CEO first witness in US lawsuit against 2 airlines

Associated Press  

Government lawyers used airline executives’ own words in trying Tuesday to persuade a federal judge to kill a partnership between American Airlines and JetBlue Airways. JetBlue CEO Robin Hayes was the first witness in the trial in federal district court in Boston over the federal government’s antitrust lawsuit against American and JetBlue. In another 2019 memo, an American Airlines executive …

JetBlue CEO first witness in US lawsuit against 2 airlines
2 years, 5 months ago

JetBlue CEO first witness in US lawsuit against 2 airlines

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Government lawyers used airline …

American, JetBlue alliance will cost consumers $700 million a year, DOJ argues
2 years, 5 months ago

American, JetBlue alliance will cost consumers $700 million a year, DOJ argues

LA Times  

The Justice Department and officials in California and five other states argue in their lawsuit that the deal between American Airlines and JetBlue Airways is, in effect, a merger that will result in higher fares. Government lawyers used airline executives’ own words in trying Tuesday to persuade a federal judge to kill a partnership between American Airlines and JetBlue Airways. …

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