Originally posted by: LiveFreeNW
Yes I understand under current law mergers have to be approved by the federal government.
The thing is in this case the merger had already been approved by the federal government. They already got the green light. At that point it should be done.
The federal government should not sue to prevent a merger that the federal government already approved.
That is absolutely not what happened. Spirit had agreed to merge with Frontier. The DOJ said ok because they were both ULCCs.
Jet Blue realizing their business model was dying, made a hostile offer for Spirit. Spirit said this isn't going to work as the DOJ won't approve it and our business models aren't compatible. The DOJ officially said we aren't going to approve this. Despite multiple statements of formal disapproval from Spirit, Frontier and the DOJ, Jet Blue's CEO thumped his chest and said I don't care I am making this happen. It was the hight of both incompetence and hubris.
It turned out to be a disaster just like Spirit, the DOJ and Frontier said it would be. Jet Blue delt a fatal blow to Spirit with that failed take over attempt and left themselves in hospice care.
If I were Jet Blue's hospice nurse, I would smother them with a pillow right now because frankly that is what they deserve. We would have had a very healthy and massive ULCC, Frontier, if Jet Blue hadn't interfered.
Gary from View From The Wing was full of shit on this one. When Jet Blue announced their intentions towards Spirit Gary went full on shill. I suspect he was being paid to talk it up or at the very least was as big of a Jet Blue fanboy as David Miller is a fan boy for Trump.
Jet Blue was the root cause of a horrible outcome for consumers, Spirit, Jet Blue and Frontier. Jet Blue's management should be banned from future employment in the US airline industry because of all the destruction they caused.
