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Merger Frenzy: Analyzing the Mad Dash Towards Airline Consolidation
March 29, 2024By Jose Rodriguez-Lage
On July 28, 2022, JetBlue Airways Corporation (“JetBlue”), the sixth largest airline in the United States, announced that it had executed a final merger agreement with Spirit Airlines, Inc. (“Spirit”), the seventh largest domestic carrier, pursuant to which JetBlue would pay $3.8 billion to acquire Spirit.[i] Both airlines are low-cost carriers, with Spirit being […]