JetBlue merger with Spirit not cleared for takeoff – why Justice Department is suing to scupper deal
- Written by Joe Mazur, Assistant Professor of Economics, Purdue University
Stuck on the runway?AP Photo/Wilfredo LeeThe U.S. Department of Justice has intervened to block a proposed deal that would see carrier JetBlue buy budget service Spirit Airlines.
In a lawsuit filed on March 7, 2023, the department warned that allowing the US$3.8 billion deal to go through would “eliminate the unique competition” that...