The Biden administration sued on Tuesday to block JetBlue Airways’ $3.8 billion purchase of Spirit Airlines.
The Biden administration sued on Tuesday to block JetBlue Airways’ $3.8 billion purchase of Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers.
The Justice Department said in the lawsuit, filed in federal district court in Boston, that the deal would end direct competition between JetBlue and Spirit and eliminate Spirit, the nation’s biggest “ultra-low-cost carrier.” The Justice Department was under pressure from Democratic lawmakers and consumer advocates who have complained about a wave of earlier mergers that regulators approved, and which left fewer airlines controlling a greater share of the market. The administration’s concern about airline-industry consolidation was on display in 2021 when the Justice Department sued to kill a limited partnership between JetBlue and American Airlines in the Northeast.
They said the Justice Department created the environment of four airlines dominating the market, and JetBlue merely wanted a better chance at competing with the giants — all of whom grew through mergers and acquisitions between 2008 and 2013.
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