The US Department of Justice prevailed in its lawsuit against JetBlue and Spirit Airlines, successfully (at least for now) blocking their planned merger. The ruling, handed down on Tuesday, found the merger would likely result in a scenario “unlikely to be sufficient to protect every consumer, in every relevant market from harm.”
DOJ
JetBlue will not appeal NEA ruling, refocuses on Spirit merger
And just like that, poof, it was gone. JetBlue will not appeal a US District Court ruling that its Northeast Alliance (NEA) with American Airlines represents a violation of the Sherman Antitrust Act.
DOJ wins: JetBlue, American NEA declared illegal
JetBlue and American Airlines must unwind their Northeast Alliance (NEA), and quickly. The partnership was ruled a violation of the Sherman Antitrust Act. This is, of course, bad news for the two airlines. The impact may be broader than that.
JetBlue hit with DOJ, DOT objections to Spirit buyout
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.
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.
Some thoughts on Muilenburg’s testimony about the 737 MAX crash
What can we gather from more than three hours of testimony by Boeing executives and government safety officials before the US Senate Commerce Committee today? Mostly that the format is terrible for getting real answers to the critical questions surrounding the 737MAX crashes, subsequent grounding and potential, eventual return to service. Still, a few interesting bits bubbled up through the testimony.
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.
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