The U.S. Justice Department is suing to block JetBlue’s proposed $3.8 billion purchase of Spirit. Meanwhile, JetBlue is offering a new deal two give up Spirit’s two gates at Logan International Airport and two gates and takeoff and landing rights at Newark Liberty International Airport in hopes of finalizing the purchase.
JetBlue Airways said Monday it has reached agreement to turn over Spirit Airlines’ operations at airports in Boston and Newark, New Jersey, as JetBlue ramps up its effort to win regulatory or court approval to buy Spirit.
The Justice Department was emboldened after it won a similar case and blocked a partnership between JetBlue and American Airlines, leading JetBlue to scramble to salvage its Spirit deal. The New York-based airline argues that buying Spirit will make it bigger and a stronger competitor to the biggest U.S. carriers.
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