JetBlue and Spirit Airlines await June hearing to appeal a blocked $3.8B merger; US DOJ sued, arguing it would reduce competition and increase fares.
The U.S. 1st Circuit Court of Appeals in Boston has scheduled a hearing for June to consider JetBlue and Spirit Airlines' appeal of a ruling that blocked their proposed $3.8 billion merger. The Justice Department sued to block the merger last year, arguing that it would reduce competition and increase fares. In January, a federal district judge in Boston sided with the government, blocking the deal.
14 months ago
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