Their overlap in the inflight connectivity segment could derail the proposed merger between Viasat and Inmarsat. UK regulators announced plans to further investigate the competitive impact of the deal.
Viasat and Inmarsat received approval for their proposed combination from the UK Government under the National Security & Investment Act. The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK’s national security. It also confirms that the new entity will continue […]
Four months after starting the conversations, and just a few hours after the Frontier Airlines bid was formally rejected, Spirit Airlines and JetBlue announced a definitive agreement to merge.
The next generation of the OneWeb constellation is now funded. Eutelsat will divert its dividend payments for the next two years to help cover the cost of building and launching the expanded low earth orbit constellation as part of a merger deal between the two companies announced on Tuesday. v
pirit Airlines led the legal charge to ensure the slots Southwest Airlines abandoned at Newark would be reallocated. Now, after much legal wrangling, the carrier won the rights to those 16 slots.
Can a merger of competing airlines improve customer choice and lower prices? History suggests, time and again, the answer is no. But that did not stop Avianca from suggesting that a buyout of Viva would do precisely that.
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.
JetBlue’s arrival in a new market typically sees fares charged by other carriers drop. Where JetBlue and Spirit overlap, however, it is inevitable that fares will rise. They have to in order for JetBlue to realize the net benefits it proposes.
JetBlue finally formally announced its long-anticipated service between Boston and London to launch this summer. And, in a twist no one really expected, that turns out to be the smaller news item for the carrier this week. The New York Times reports that JetBlue made a $3.6bn stock offer for Spirit Airlines, besting the deal announced by Frontier in February.
Frontier Airlines and Sprit Airlines intend to merge, creating a new 5th largest airline in the US.