Airlines

The JetBlue-Spirit merger is formally over

Editorial Team March 4, 2024

6 1 minute read

The JetBlue-Spirit merger is formally over

March 04, 2024

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1 min learn

BREAKING: JetBlue-Spirit merger is formally useless

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JetBlue mentioned Monday that it had terminated its merger settlement with Spirit Airways, placing an finish to the $3.8 billion acquisition almost seven weeks after the acquisition was blocked by a federal decide.

The 2 airways reached an settlement to finish the merger, they mentioned, which includes JetBlue paying Spirit $69 million in breakup charges.

Though the airways beforehand mentioned that they deliberate to enchantment the courtroom’s order blocking the merger, they mentioned Monday that they predicted that regulatory obstacles would forestall them by closing the merger by a July deadline.

This can be a breaking story and will likely be up to date. Test again for extra.

Featured picture by DAVID SLOTNICK/THE POINTS GUY

Editorial disclaimer: Opinions expressed listed below are the creator’s alone, not these of any financial institution, bank card issuer, airline or resort chain, and haven’t been reviewed, accepted or in any other case endorsed by any of those entities.