A federal choose in Massachusetts has squashed JetBlue’s tried acquisition of Spirit Airways, citing the courtroom’s worry of continuous a development that started within the twenty first century: the consolidation of the airline business into an “oligopoly” on account of a sequence of mergers such because the proposed JetBlue-Spirit deal.
The U.S. Division of Justice and several other state attorneys basic filed a complaint in March to cease the merger after a deal totaling $3.8 billion was struck, which might have created the fifth-largest airline within the nation.
