BREAKING: The Justice Department sued to block JetBlue's proposed $3.8 billion acquisition of Spirit Airlines.
The U.S. Department of Justice on Tuesday sued to block JetBlue's proposed $3.8 billion acquisition of Spirit Airlines. in the U.S. and represent the largest airline industry merger since Alaska Air bought Virgin America in 2016 for $2.6 billion.on Tuesday that the airline was disappointed, but not surprised, by the government's determination to challenge the transaction iin court.
In defending the deal, JetBlue had said the two airlines would overlap on no more than 11% of their respective nonstop routes and would provide more competition for the nation's"Big Four" carriers: American Airlines, Delta Air Lines, Southwest Airlines and United Airlines.
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