Reuters Legal’s Post

In the News: JetBlue, Spirit Seek Expedited Appeal of Order Blocking Merger 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 JetBlue Airways Corp. and Spirit Airlines Inc. asked a federal court Tuesday to fast-track its appeal of a ruling that blocked their proposed $3.8 billion combination on antitrust grounds. 🔗 [Learn more: https://lnkd.in/e-r2M-nT] #Legal #Corporate #Business #Law

In the News: JetBlue, Spirit To Take Block Of $3.8B Merger To 1st Circ. 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 JetBlue and Spirit Airlines said Friday that they will appeal a Massachusetts federal judge's decision blocking their proposed $3.8 billion merger, an effort to preserve a deal that antitrust enforcers claimed would illegally stifle competition in the low-cost carrier market. 🔗 [Learn more: https://lnkd.in/ekaNxNMV] #Legal #Corporate #Business #Law

In the News: JetBlue, Spirit Seek Speedy 1st Circ. Appeal Of Merger Block 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 JetBlue and Spirit Airlines are asking the First Circuit to expedite their appeal after a Massachusetts federal judge blocked the two low-cost airlines' plans for a merger valued at $3.8 billion, saying a decision should be made before the deal's closing date this summer. 🔗 [Learn more: https://lnkd.in/dHePP8Ua] #Legal #Corporate #Business #Law

In the News: Judge blocks $3.8B JetBlue-Spirit merger, cites 'anticompetitive harm' 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition. 🔗 [Learn more: https://lnkd.in/et87w3vm] #Legal #Corporate #Business #Law

DLA Piper Partner Amanda Wait provides insight on JetBlue's appeal against a federal court’s decision to block their merger with Spirit Airlines in a recent article published by Global Competition Review. Subscribe to GCR to read more and receive updates on the latest developments in US antitrust enforcement and litigation.

In the News: 1st Circ. Fast-Tracks JetBlue And Spirit Merger Block Appeal 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 JetBlue Airways and Spirit Airlines got their wish for a speedy appeal to a federal judge's decision blocking their plans for a $3.8 billion merger on Friday, with the First Circuit saying arguments would be heard in June. 🔗 [Learn more: https://lnkd.in/dtQgb32K] #Legal #Corporate #Business #Law

Debbie Feinstein, head of the Arnold & Porter's Global Antitrust group, and Jonathan Gleklen, chair of the firm’s U.S. Antitrust/Competition practice, were featured in a Yahoo Finance article about the Biden Administration’s recent antitrust wins, which have prompted executives to reassess new acquisitions in 2024. Feinstein said that the administration's latest rhetoric is “anti-merger,” and as a result, corporate lawyers think some deals may be getting derailed. “Even if they think they can get them through, they think it will take longer, they may have to litigate, and they may want to not have to do that,” she said. Gleklen discussed JetBlue Airways’ acquisition of Spirit Airlines, which was recently blocked by a judge on concerns the merger was anticompetitive and would result in higher prices for consumers. “That’s a more aggressive theory,” Gleklen said, explaining that past airline merger challenges treated commercial air carriers as equals, regardless of the average fare prices. #antitrust #law #legal

In the News: JetBlue Says It May Scrap Spirit Merger After Court Ruling 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 JetBlue Airways Corp. said Friday that a federal judge's decision blocking its $3.8 billion merger with Spirit Airlines could lead to the deal being scrapped as a critical deadline looms, while Spirit responded that there's "no basis" to end their efforts. 🔗 [Learn more: https://lnkd.in/emCbqEQN] #Legal #Corporate #Business #Law

In the News: The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here's what you need to know 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 NEW YORK (AP) — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked 🔗 [Learn more: https://lnkd.in/euP8E_aR] #Legal #Corporate #Business #Law

From a business law and aviation law perspective, this case is pretty interesting: hostile takeovers, anti-trust suit by the DOJ, and all within the aviation industry. Unless an airline is in danger of a complete collapse, I don't see any consolidation of the "majors" in any fashion. A merger of some of the regional airlines, maybe an acquisition of one by a major - sure - but between the JetBlue and American Airlines alliance, and now JetBlue and Spirit, the courts seem pretty clear that they won't allow anything to alter capacity and/or options for consumers.