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.
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.
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.