JetBlue Airways

Established in Feb-2000, JetBlue is a low cost hybrid carrier based at New York JFK International Airport, with secondary hubs at Boston Logan, Fort Lauderdale-Hollywood, Orlando International, Washington Dulles and Long Beach airports. JetBlue has an extensive network that serves destinations in the United States, the Caribbean, as well as Central and South America. Following the completion of its Fly-Fi rollout, JetBlue is the first carrier to offer gate-to-gate Wi-Fi connectivity on all domestic services.

On 05-Apr-2022, JetBlue Airways submitted a proposal to acquire Spirit Airlines for USD3.6 billion. JetBlue maintains its proposal constitutes a "superior proposal" compared to Spirit's planned USD6.6 billion merger with Frontier Airlines, announced on 08-Feb-2022 and set to close in 2H2022 subject to government approval.

On 27-Jul-2022, Spirit Airlines announced the termination of its merger agreement with Frontier Group Holdings. On 28-Jul-2022, JetBlue Airways and Spirit Airlines' board of directors approved a definitive merger agreement. The agreement is valued at approximately USD3.8 billion, with an adjusted enterprise value of USD7.6 billion. The carrier will be based in New York led by JetBlue CEO Robin Hayes. The transaction is expected to close by 1H2024, subject to regulatory approval.

On 07-Mar-2023, US Department of Justice filed a civil antitrust lawsuit against JetBlue Airways to block the carrier's proposed USD3.8 billion acquisition of Spirit Airlines under Section 7 of the Clayton Act.

JetBlue Airways and Spirit Airlines announced the termination of their USD3.8 billion merger agreement in Mar-2024. JetBlue will pay Spirit USD69 million to end the transaction, with the termination to resolve all outstanding matters related to the merger and any claims between the carriers will be mutually released.