JetBlue CEO Says Feds Will Sue Airline Over Its $3.8 Billion Merger With Spirit This Week
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Topline
The U.S. federal government is poised to block JetBlue’s $3.8 billion merger with Spirit Airlines, according to several reports Monday, sending both companies’ stocks swinging and preventing what would be the country’s fifth-largest airline as Spirit’s messy saga to find a strategic partner drags on.
The Biden Administration appears set to block a marriage between JetBlue and Spirit.