ABU DHABI / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) has launched ...
Read More »Spirit shares plunge after JetBlue deal blocked on antitrust grounds
BLOOMBERG A federal judge blocked JetBlue Airways Corp’s $3.8 billion acquisition of Spirit Airlines Inc, saying the combination would stifle competition and raise fares for consumers. US District Judge William G Young sided with the federal government and said the merger would harm cost-conscious travellers by eliminating the nation’s dominant deep-fare discount airline and drive up prices across the industry. ...
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