JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline

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JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline
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JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation's fifth-largest airline if the deal can win approval from antitrust regulators.

A line of Spirit Airlines jets sit on the tarmac at the Orlando International Airport on May 20, 2020, in Orlando, Fla.

"A lot has been said over the last few months obviously, always with our stakeholders in mind," Christie said on CNBC."We have been listening to the folks at JetBlue, and they have a lot of good thoughts on their plans for that." "Spirit is going to disappear, and with it, its low cost structure," said William McGee of the anti-merger American Economic Liberties Project."Once Spirit is absorbed , there is no question that fares are going to go up."

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