Regulatory approval has been a major concern since the day Spirit Airlines became a takeover target a year ago. Now, seven months after JetBlue won the bidding battle, it must convince US regulators – or a judge – that consolidation is good for consumers. And the Department of Justice will not make that an easy task.
Department of Justice
Spirit takes a pass on JetBlue’s buyout offer
Spirit Airlines sees a merger with JetBlue as unattainable. Not for lack of interest, mind you. JetBlue’s cash offer of $3.6 billion still stands. But doubts around the likelihood of regulatory approval have Spirit’s Board of Directors recommending that it continue to move forward with the previously planned Frontier merger instead. Assuming even that can get past regulators.
Boeing pays off 737 MAX criminal prosecution for $243 million
Boeing will avoid criminal prosecution related to overt acts to defraud the United States tied to the certification process of 737 MAX. And it managed to purchse that freedom at a bargain price.
So long free ESAs: DOT finalizes new Service Animal rules
The US Department of Transportation published its final rule on Traveling by Air with Service Animals today, bringing an end to the Emotional Support Animal (ESA) era. Under the new guidelines only dogs may be designated as service animals and owners must attest that they are specially trained to provide services to the passenger, among other requirements.
Panasonic Avionics admits to bribery, settles with DoJ
A decade of bribery and illicit payments came to an abrupt end a couple years ago. Now Panasonic Avionics is looking to move on. The company settled its case with the US Department of Justice and SEC, paying massive fines but avoiding further issues.