Difference between revisions of "Spirit Airlines Says Expects DOJ Decision On JetBlue Merger In..."
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| − | Feb 7 (Reuters) - Spirit Airlines Inc said on Tuesday it [https:// | + | Feb 7 (Reuters) - Spirit Airlines Inc said on Tuesday it expects U.S.<br>In the event you liked this information along with you desire to acquire more info relating to [https://evigetir.com/testt.html Evden EvE NAkliyat] generously pay a visit to our internet site. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp in the "next 30 days or so."<br> "We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call.<br> The DOJ did not immediately respond to a request for comment.<br> JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its deal.<br> The merger is expected to face regulatory hurdles with the combination creating the fifth-largest U.S.<br><br>airline at a time when high energy prices, a tight labor [https://timbi.com.ua/boy-georges-agent-says-itv-producers-should-consider-stepping-in-to-balance-out-im-a-celebrity-get-me-out-of-here-amid-complaints-from-viewers-that-it-has-become-the-matt-hancock-show-7/ EVDEN eve NAKLiyaT] market and [https://evigetir.com/anasayfa.html eVDEN eVE naKliyaT] swelling demand [https://evigetir.com/hassasnakliye.html EVDen eve NAkLiYAt] for travel have sent airfares soaring.<br> Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines, [http://34.79.192.203/wiki/Urgent_Tax_Office_Warning_For_Australia_apos;s_Influencers evDen EVE NakliYAt] arguing it would lead to higher fares for [https://evigetir.com/uluslararasi.html EVDEN evE NAKliYAt] consumers.<br> Spirit had cited the Justice Department [https://www.justice.gov/crt/settlements-and-lawsuits lawsuit] as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.<br> JetBlue had acknowledged that the regulatory process could be drawn out and it did not expect the deal to be completed before December 2023.<br> Spirit's shares were up 1.3% at $19.9 in morning trade after the carrier posted [https://www.marketscreener.com/quote/stock/COVESTRO-AG-24239914/news/Better-than-expected-quarterly-result-barely-helps-Covestro-43492449/ better-than-expected quarterly] results on Monday.<br><br>(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)<br> |
Revision as of 14:21, 17 April 2023
Feb 7 (Reuters) - Spirit Airlines Inc said on Tuesday it expects U.S.
In the event you liked this information along with you desire to acquire more info relating to Evden EvE NAkliyat generously pay a visit to our internet site. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp in the "next 30 days or so."
"We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call.
The DOJ did not immediately respond to a request for comment.
JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its deal.
The merger is expected to face regulatory hurdles with the combination creating the fifth-largest U.S.
airline at a time when high energy prices, a tight labor EVDEN eve NAKLiyaT market and eVDEN eVE naKliyaT swelling demand EVDen eve NAkLiYAt for travel have sent airfares soaring.
Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines, evDen EVE NakliYAt arguing it would lead to higher fares for EVDEN evE NAKliYAt consumers.
Spirit had cited the Justice Department lawsuit as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.
JetBlue had acknowledged that the regulatory process could be drawn out and it did not expect the deal to be completed before December 2023.
Spirit's shares were up 1.3% at $19.9 in morning trade after the carrier posted better-than-expected quarterly results on Monday.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
