January 30, 2024
Spirit said it saw “no basis” for termination. Just last week, both airlines said they intended to appeal a judge’s decision blocking the deal.
JetBlue Airways said on Friday that it might back out of a $3.8 billion acquisition of Spirit Airlines after a federal judge blocked the deal.
The announcement came just a week after JetBlue and Spirit had said they would appeal the decision, which was made in an antitrust case brought by the Justice Department.
. . .
“It certainly seems like at this point at least this antitrust division is done letting airline mergers go through unchallenged,” said Dan McCuaig, a former antitrust trial lawyer at the Justice Department who is now a partner at the law firm Cohen Milstein.
Read JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines.