DOJ And DOT Will Sue To Block JetBlue-Spirit Merger

March 6, 2023 Business, Government

The U.S. Department of Justice is expected to file an antitrust lawsuit to block JetBlue Airways Corp’s $3.8 billion takeover of low-cost rival Spirit Airlines as soon as Tuesday, Bloomberg News reported on Monday.

The Department of Transportation, which is also reviewing the deal, is expected to take parallel action to stop the planned transaction, Bloomberg said.

JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.

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The US Justice Department and Department of Transportation are expected to take action as soon as Tuesday to block JetBlue’s 3.8 billion merger with Spirit Airlines https://t.co/Xzk9exQ30t

— Bloomberg Markets (@markets) March 6, 2023