The New York Times – Travel:
Spirit, which filed for bankruptcy protection in November after a federal court blocked its acquisition by JetBlue, says it has rejected the latest Frontier offer for being too low.
Category: Antitrust Laws and Competition Issues
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The New York Times – Travel:
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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A Birkin Bag Is Hard to Buy
The New York Times – Fashion & Style:
But fans of the famed Hermès accessory say that the exclusivity is the whole point.
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JetBlue and Spirit Call Off Their Merger
The New York Times – Travel:
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
The New York Times – Travel:
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
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Judge Blocks JetBlue From Acquiring Spirit Airlines
The New York Times – Travel:
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.
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JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
The New York Times – Travel:
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
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Alaska Airlines Plans to Buy Hawaiian Airlines in $1.9 Billion Deal
The New York Times – Travel:
The deal, valued at $1.9 billion, would further consolidate the airline industry and is likely to face close scrutiny by federal antitrust regulators.
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Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal
The New York Times – Sports:
The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.