The proposed acquisition between Korean Air and Asiana Airlines faces significant hurdles as the US Department of Justice (DoJ) and the European Union (EU) have expressed concerns about reduced competition on specific passenger and cargo routes. Rationale of the deal The merger would create the largest carrier of passengers and cargo on routes between the […]
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In a significant legal development, a federal judge in Boston has ruled in favor of the Justice Department (DoJ), ordering American Airlines and JetBlue Airways to dismantle their partnership known as the Northeast Alliance. This decision comes as a boost to the Biden administration’s efforts to prevent consolidation in key industries and uphold competition for […]
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Ultra low cost carrier Spirit Airlines on Monday rejected JetBlue Airways’ $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators, Reuters reported. JetBlue responded by enhancing its offer – but not its $33 per share price – and promising a $200 million reverse break-up fee – or $1.80 per Spirit share – […]
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