JetBlue terminal. Photo: Diego M. Radzinschi/ALM 'To Those Dedicated Customers of Spirit, This One's for You': JetBlue's $3.8 Billion Acquisition of Spirit Airlines Blocked by Federal Judge
"Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one's for you," the judge concluded. "Why? Because the Clayton Act, a 109-year-old statute requires this result—a statute that continues to deliver for the American people."
January 19, 2024 at 05:30 PM
4 minute read
A federal judge in Massachusetts has squashed JetBlue's attempted acquisition of Spirit Airlines, citing the court's fear of continuing a trend that began in the 21st century: the consolidation of the airline industry into an "oligopoly" due to a series of mergers such as the proposed JetBlue-Spirit deal.
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