Up In The Air: JetBlue-Spirit Merger Appeals Reach New Heights In Legal Battle



JetBlue Airways Corporation (NASDAQ: JBLU) and Spirit Airlines Inc (NYSE: SAVE) approached a U.S. appeals court with a plea on Monday to reverse a previous court decision that halted their proposed $3.8 billion merger.

This appeal was made following a block by the U.S. Department of Justice, challenging the merger’s legality and potential impact on market competition.

The airlines contended in their legal brief that the merger, contrary to the court’s decision, would bolster competition and lead to lower prices for a vast majority of consumers, Reuters reported. They argued the acquisition of Spirit would enable JetBlue to significantly expand its …

Full story available on Benzinga.com


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