Feb 7 (Reuters) – Spirit Airlines Inc said on Tuesday it expects U.S.antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp in the “next 30 days or so.”<\/p>\n
“We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed,” Spirit CEO Edward Christie said during an investor<\/a> call.<\/p>\n The DOJ did not immediately respond to a request for evden EvE NaKliYAT<\/a> comment.<\/p>\n JetBlue prevailed in a months-long bidding war for eVDEN EVe nAkliYAT<\/a> Spirit Airlines after the ultra-low-cost carrier accepted its deal.<\/p>\n The merger is expected to face regulatory hurdles with the combination creating the fifth-largest U. If you beloved this report and you would like to receive extra facts regarding EVDeN evE nAKLiyat<\/a> kindly stop by our own web site. S.airline at a time when high energy prices, a tight labor market and swelling demand eVden eve nAKliYAT<\/a> for travel have sent airfares soaring.<\/p>\n Concerns about approval for EVDEn evE nAKLiYat<\/a> the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue’s “Northeast Alliance” partnership with American Airlines, arguing it would lead to higher fares for consumers<\/a>.<\/p>\n Spirit had cited the Justice Department lawsuit as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.<\/p>\n JetBlue had acknowledged that the regulatory process could be drawn out and it did not expect the deal to be completed before December 2023.<\/p>\n Spirit’s shares were up 1.3% at $19.9 in morning trade after the carrier posted better-than-expected quarterly results on Monday.(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)<\/p>\n<\/div>\n <\/strong><\/u><\/p>\n","protected":false},"excerpt":{"rendered":" Feb 7 (Reuters) – Spirit Airlines Inc said on Tuesday it expects U.S.antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp in the “next 30 days or so.” “We are now waiting to see whether the Department of Justice (DOJ) filed suit to […]<\/p>\n","protected":false},"author":21316,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5105],"tags":[5078],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/75191"}],"collection":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/users\/21316"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=75191"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/75191\/revisions"}],"predecessor-version":[{"id":75192,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/75191\/revisions\/75192"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=75191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=75191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=75191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}