Only in Washington could one administration kill an airline just for the next administration to buy it. The Biden administration blocked JetBlue from buying struggling Spirit Airlines in the name of “consumer protection.” Now, the Trump administration is considering a massive bailout for the airline’s creditors along with nationalization.
Four years ago, JetBlue offered to buy Spirit Airlines for $3.8 billion in cash, or $33.50 per share. The deal would have created the fifth-largest airline in the country, still smaller than Delta, United, American, and Southwest. The Biden administration still killed the deal.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.