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rogerrogerrtoday at 3:26 AM2 repliesview on HN

My understanding is that the Spirit/JetBlue merger was blocked by the Biden DOJ. Were they asking for that again, or was it a different thing that failed in negotiations with the feds recently?


Replies

gizmo686today at 3:32 AM

The negotiations that were occuring directly prior to Spirit's shutdown were not merger related; but a direct government bailout.

wallst07today at 10:19 AM

Biden/Warren backed/forced the DOJ to sue Jetblue/Spirit to block the merger for antitrust.

This doesn't seem to be a antitrust issue at all, it looks like it was one company bailing out another.

https://www.justice.gov/archives/opa/pr/justice-department-s...

“Our win in court is a victory for U.S. travelers who deserve lower prices and better choices,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “We fought this case to protect consumers who, as the court recognized, ‘otherwise would have no voice.’ I am incredibly proud of the Antitrust Division’s team and our state law enforcement partners’ tireless advocacy.”