BREAKING: JetBlue-Spirit merger is formally over

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04 March 2024

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JetBlue Spirit BOS-2

BREAKING: JetBlue-Spirit merger is formally over

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JetBlue stated Monday it has terminated its merger settlement with Spirit Airways, ending its $3.8 billion acquisition practically seven weeks after a federal decide blocked the takeover.

The 2 airways reached an settlement to finish the merger, he stated, which incorporates JetBlue paying Spirit $69 million as a breakup price.

Though the airways had beforehand stated they deliberate to attraction the courtroom order blocking the merger, they stated Monday that they predicted regulatory hurdles would forestall them from closing the merger by the July deadline.

It is a breaking story and shall be up to date. Verify again for extra particulars.

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