Now that the deal has been announced, federal regulators are likely to get involved. The Biden administration has indicated a distaste for corporate mergers.
NEW YORK — JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the largest discount airline for travelers on a tight budget.
The agreement announced Thursday capped bidding war that began in April, and it came one day after Spirit’s attempt to merge with rival discount carrier Frontier Airlines fell apart.
JetBlue and Spirit would become the fifth-largest U.S. carrier, with about
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