JetBlue’s (NASDAQ:JBLU) $3.7 billion acquisition of Spirit Airlines (NASDAQ:SAVE) is set for a vote by Spirit shareholders on October 19.
The transaction needs regulatory approval as well and in the meantime, a hearing is set on September 26 over JBLU’s alliance with American Airlines (NASDAQ:AAL) (the Northeast Alliance). In the past, JBLU has reiterated its commitment to the alliance in its fight with Frontier to acquire Spirit.
This week, JBLU has again mentioned it is committed to the NEA and does not expect NEA to impact its ability to gain regulatory green light for the Spirit deal reports the Dealreporter.
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