JetBlue Airways Corp. said on Thursday it would sell the assets of Spirit Airlines Inc. at New York’s LaGuardia Airport once their merger is complete.
Spirit’s holdings, which JetBlue intends to sell to Frontier Group Holdings Inc, include six departure gates at Marine Air Terminal and 22 take-off and landing slots.
JetBlue said the agreement with Frontier would help maintain the same level of low-cost carrier service at LaGuardia Airport.
These disposals are part of the commitments made by JetBlue under the merger agreement with Spirit. The transaction is expected to be finalized in the first half of 2024.
In March, the US Department of Transportation denied an exemption request by JetBlue and Spirit to operate under common ownership, citing the lawsuit filed the same month by the Department of Justice to block the operation.
The Justice Department had challenged the deal, saying it would eliminate competition, drive up ticket prices, reduce passenger capacity and restrict consumer choices.
2023-06-01 22:30:17
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