Judge Blocks JetBlue From Acquiring Spirit Airlines
The proposed $3.8 billion acquisition of Spirit Airlines by JetBlue Airways has been blocked by a federal judge.
The Department of Justice argued that the merger would harm travelers by reducing competition in the airline industry.
Judge Blocks JetBlue From Buying Spirit Airlines
A federal judge has blocked JetBlue Airways from buying Spirit Airlines in a $3.8 billion deal.
The judge agreed with the Justice Department's argument that the merger would reduce competition and drive up fares.
The Morning Risk Report: ICBC Fined $32 Million by New York's Financial Regulator and Fed for Compliance Failures
ICBC will pay $32 million to resolve investigations into compliance problems at its New York branch.
The fines are related to deficiencies in anti-money laundering and compliance programs, as well as unauthorized use of confidential supervisory information.
JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
The Biden administration is blocking JetBlue's $3.8 billion deal to acquire Spirit Airlines, citing reduced competition and potential fare increases.
This ruling marks the second major setback for JetBlue in federal court in less than a year, following the termination of a partnership with American Airlines last year.
Judge Blocks JetBlue From Acquiring Spirit Airlines
The proposed $3.8 billion acquisition of Spirit Airlines by JetBlue Airways has been blocked by a federal judge.
The Department of Justice argued that the merger would harm travelers by reducing competition in the airline industry.
Judge Blocks JetBlue From Buying Spirit Airlines
A federal judge has blocked JetBlue Airways from buying Spirit Airlines in a $3.8 billion deal.
The judge agreed with the Justice Department's argument that the merger would reduce competition and drive up fares.
The Morning Risk Report: ICBC Fined $32 Million by New York's Financial Regulator and Fed for Compliance Failures
ICBC will pay $32 million to resolve investigations into compliance problems at its New York branch.
The fines are related to deficiencies in anti-money laundering and compliance programs, as well as unauthorized use of confidential supervisory information.
JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
The Biden administration is blocking JetBlue's $3.8 billion deal to acquire Spirit Airlines, citing reduced competition and potential fare increases.
This ruling marks the second major setback for JetBlue in federal court in less than a year, following the termination of a partnership with American Airlines last year.