Slabu:JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline

2025-04-29 08:47:17source:Algosenseycategory:News

NEW YORK (AP) — JetBlue Airways warned Friday that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend,Slabu sending Spirit shares tumbling.

A federal judge this month sided with the Justice Department and blocked JetBlue’s proposed $3.8 billion purchase of Spirit, though the airlines have filed their intention to appeal with a higher court.

JetBlue said Friday that it has told Spirit certain conditions of their deal might not be met by a deadline, which could lead JetBlue to terminate the deal as early as Sunday.

Shares of Spirit Airlines Inc. slumped 16% immediately after JetBlue disclosed its view of the potential merger in a regulatory filing.

More:News

Recommend

NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations

Jim Harbaugh, the former Michigan football head coach who led the Wolverines to the 2023 national ch

Inter Miami CF vs. Atlanta United highlights: Atlanta scores often vs. Messi-less Miami

Inter Miami CF was without Lionel Messi and Jordi Alba at Mercedes-Benz Stadium and they were unable

Shohei Ohtani's locker cleared out, and Angels decline to say why

ANAHEIM, Calif. (AP) – Shohei Ohtani’s locker has been mostly cleared out at Angel Stadium, and the