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” - 2 “ - 2 William G . Young - 1 Joanna Geraghty - 1 Judge Young’s - 1 Airlines hasn’t - 1 haven’t - 1 William Young's - 1
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Search resuls for: "Judge Young"


2 mentions found


☆ JetBlue and Spirit Call Off Their Merger
  + stars: | 2024-03-04 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com   time to read: +1 min
JetBlue Airways and Spirit Airlines announced on Monday that they would walk away from their planned $3.8 billion merger after federal antitrust regulators successfully challenged the deal in court. JetBlue said it would pay Spirit $69 million to exit the deal. A federal judge in Boston blocked the proposed merger on Jan. 16, siding with the Justice Department in determining that the merger would reduce competition in the industry and give airlines more leeway to raise ticket prices. “We wish the very best going forward to the entire Spirit team.”JetBlue and Spirit appealed Judge Young’s decision. JetBlue filed an appellate brief last week arguing that the deal should be allowed to go through.
Persons: William G . Young, ”, Joanna Geraghty, “, Judge Young’s Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Justice Department, U.S, District of, Spirit Locations: Boston, District of Massachusetts
☆ With Merger Scuttled, Spirit Airlines Faces an Uncertain Future. Is Bankruptcy a Possibility?
  + stars: | 2024-01-17 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +4 min
A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates antitrust law. But Frontier has its own challenges and is in no position to renew merger discussions with Spirit now, Baker said. Like Spirit, JetBlue has not had a profitable year since 2019, before the pandemic. Investors are also trying to gauge what the ruling against the JetBlue-Spirit deal means for Alaska Airlines' pending proposal to buy Hawaiian Airlines.
Persons: Airlines hasn’t, haven’t, William Young's, ”, Helane Becker, Cowen, “, Jamie Baker wasn’t, ” Baker, Baker, Judge Young, Young, Robin Hayes –, Biden, hasn't, Michael Linenberg Organizations: Airlines, JetBlue, Justice Department, Bank of America, Pratt & Whitney, Airbus, Frontier Airlines, –, Investors, Alaska Airlines, Hawaiian Airlines, Deutsche Bank, Spirit, American Airlines Locations: Boston, Miramar , Florida, Alaska
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