Big Law

U.S. Seeks to Block JetBlue’s Planned $3.8 Billion Acquisition of Spirit Airlines at Antitrust Trial

A U.S. Department of Justice lawyer on Tuesday urged a federal judge to block JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines at the start of closely-watched antitrust trial.

The case in federal court in Boston is part of a broad effort by President Joe Biden’s administration to preserve competition among the lowest cost airlines, ensuring air travel remains affordable for many more US consumers.

Justice Department attorney Arianna Markel in her opening statement told U.S. U.S. District Judge William Young that the deal would lead to fewer flights and seats and higher prices.

Read the source article at Yahoo Finance

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