The Federal District Court in Boston, United States, has ruled against the acquisition of Spirit Airlines by JetBlue Airways.
The deal was valued at 3.8 billion USD, and JetBlue had already announced the sale of Spirit Airlines’ slots and other assets in connection with the acquisition. The court determined that the acquisition would lead to higher ticket prices for Spirit Airlines, disadvantaging consumers.
In July 2022, JetBlue Airways announced its intention to acquire Spirit Airlines, which would have created the fifth-largest airline in the United States, capable of competing against the ‘Big 4′ major airlines. JetBlue has already made advance payments to Spirit Airlines’ shareholders based on the agreement.
In the USA, the airline industry’s restructuring continues, such as the announced merger between Alaska Airlines and Hawaiian Airlines in December, which is expected to create the fifth-largest airline in the nation.
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