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Spirit wasn't asking for a government subsidy to get saved from bakruptcy. They were asking to be allowed to get merged with JetBlue (which could've saved them
by filoleg 6mo ago
Spirit wasn't asking for a government subsidy to get saved from bakruptcy. They were asking to be allowed to get merged with JetBlue (which could've saved them from bankruptcy) and got denied by the government. Those two things aren't the same.
- rogerrogerr 6mo agoMy understanding is that the Spirit/JetBlue merger was blocked by the Biden DOJ. Were they asking for that again, or was it a different thing that failed in negotiations with the feds recently?
- gizmo686 6mo agoThe negotiations that were occuring directly prior to Spirit's shutdown were not merger related; but a direct government bailout.
- wallst07 6mo agoBiden/Warren backed/forced the DOJ to sue Jetblue/Spirit to block the merger for antitrust. This doesn't seem to be a antitrust issue at all, it looks like it was one company bailing out another. https://www.justice.gov/archives/opa/pr/justice-department-statements-jetblue-terminating-acquisition-spirit-airlines https://www.justice.gov/archives/opa/pr/justice-department-s... “Our win in court is a victory for U.S. travelers who deserve lower prices and better choices,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “We fought this case to protect consumers who, as the court recognized, ‘otherwise would have no voice.’ I am incredibly proud of the Antitrust Division’s team and our state law enforcement partners’ tireless advocacy.”