Fusjon mellom Frontier og Spirit, eller Spirit og JetBlue

[Someone]

For å "krydre" fusjonen mellom JetBlue og Spirit, vil Frontier overta alle Spirits eiendeler/slots på LGA

https://newsroom.aviator.aero/jetblu...n-with-spirit/

JetBlue Airways Corporation (NASDAQ: JBLU) and Frontier Group Holdings, Inc. (NASDAQ: ULCC) today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at New York’s LaGuardia Airport to Frontier in connection with JetBlue’s planned merger with Spirit

[Scandinavien_Airlines]

Mere ild til bålet:

JetBlue seeks ‘serious sanctions’ following redaction error in Spirit-merger lawsuit.

JetBlue Airways continues fiercely pushing back against claims that it intends to hike prices by up to 40% on Spirit Airlines’ aircraft after its proposed acquisition of the rival carrier is finalised.

https://www.flightglobal.com/strateg...154732.article

[Someone]

JetBlue forsøker bøte på oppkjøpet ved at Allegiant skal overta Spirits rettigheter i Boston og Newark, sammen med 5 gater i Ft.Lauderdale

https://newsroom.aviator.aero/jetblu...n-with-spirit/

NEW YORK & LAS VEGAS-- JetBlue Airways Corporation (Nasdaq: JBLU) and Allegiant (Nasdaq: ALGT) today announced that the airlines have entered into a definitive agreement under which JetBlue will transfer to Allegiant all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at Boston Logan International Airport and Newark Liberty International Airport. JetBlue will also turn over up to five gates and related ground facilities at Fort Lauderdale-Hollywood International Airport to promote ultra-low-cost carrier growth.

[Someone]

Fusjonen har fått nei fra dommeren.

Foreløpig ligger dette an til å koste JetBlue veldig mye, uten å få noe igjen. JetBlue aksjen er dog ned bare -5% i dag, mens Spirit stuper -60%

https://www.cnbc.com/2024/01/16/jetb...epartment.html

Judge blocks JetBlue-Spirit merger in a major win for Biden’s Justice Department

[toftos]

Ser ut som aksjonærene likte det, aksjen er opp nesten 7%

[OJB]

Mer fra FlightGlobal i dag :


Nixed JetBlue-Spirit deal might impact Alaska-Hawaiian transaction

Tue, 16 Jan 2024 21:53:00 GMT

The blocked acquisition of Spirit Airlines by JetBlue Airways could have some bearing on another potential blockbuster deal in the US market: Alaska Airlines’ bid for Hawaiian Airlines.

[OJB]

Sakset fra FlightGlobal i dag :

What next for JetBlue and Spirit after collapse of deal?
Jetblue-Spirit-c-JTOcchialini_Creative-Commons

There was a point in 2022 during the wrangling over Spirit Airlines when Frontier Airlines chairman Bill Franke suggested that the bringing together of two ultra-low-cost carriers would be considered “pro-competitive” by regulators.

Today, with hybrid carrier JetBlue Airways’ move to buy Spirit having been blocked by a US district court on competition grounds – notably including the observation that “consumers that rely on Spirit’s unique, low-cost model would likely be harmed” – it is difficult to escape the conclusion that Franke might have had a point.

The ruling leaves Spirit in a particularly tough place, with a Chapter 11 filing potentially among its options following its loss-making emergence from the Covid crisis. Might the unlikely reignition of its Frontier tie-up be another one?

In JetBlue’s case, while it is not clear whether an appeal will be launched against the decision, there is also a school of thought that it might not have been so keen on an acquisition of Spirit based on today’s market fundamentals.

Those fundamentals include a US domestic market that has been going through a degree of ‘normalisation’ post-Covid, as demand softens and costs rise. It looks vastly different from the early 2022 one, when the only way was up following two years of pandemic impacts.

Still, JetBlue’s desire for scale will remain strong in a market where aircraft are extremely tough to come by – and one where, whatever the courts say, it remains dwarfed by formidable competitors in the shape of American Airlines, Delta Air Lines, Southwest Airlines and United Airlines.

The loss in short order of Spirit and its Northeastern Alliance with American Airlines is a code-red scenario for JetBlue, but one that current chief executive Robin Hayes – and his replacement Joanna Geraghty – will have been planning for.

Whatever comes next, the court’s assertion that the ruling represents a “victory for consumers” will be tested, not least because history shows that blocking acquisitions in the airline sector does not necessarily mean the individual carriers emerge as happy, healthy competitors. As recent experience in Colombia demonstrates, for example, consolidation can just end up happening on more messy terms, as carriers fall over.

[Someone]

Ikke overraskende så anker JetBlue dommen

https://news.jetblue.com/latest-news...l/default.aspx

JetBlue and Spirit File Notice of Appeal

[EB]

Hva er sjansene for at fusjonen allikevel går igjennom?

[Midtiblinken]

Små til null. Vet ikke om JB vil at det skal gå gjennom. Mye har forandret seg med Spirit siden budet.

[EB]

Jeg har vel aldri skjønt hva JetBlue så i Spirit. JetBlue og Alaska hadde kanskje vært mer naturlig.

[Midtiblinken]

Var nok litt om og forhindre Frontier og Spirit, så bedre og kjøpe de selv. Et elendig produkt, men det ville blitt oppgradert. Masse nye NEO som da var en god ting. Med ferdig trente piloter som er dyre og trene og vanskelig og holde på.

[Someone]

Ellers driver BlackRock jevnt å trutt å øker eierandelen i JetBlue


https://twitter.com/WandrMe/status/1749515444015202810

BlackRock Group continues to grow its ownership stake in JetBlue. As of July 2023 it owned 11.7% of JetBlue. Today the org owns 19.5%.

[Someone]

Carl Icahn ser tydeligvis muligheter her, så kjøpe seg 9.9% av aksjene i JetBlue.

[EB]

Har ikke Carl Ichan gjort nok skade i amerikansk luftfart????

[dc-8-63]

Originally Posted by EB

Har ikke Carl Ichan gjort nok skade i amerikansk luftfart????

Ja……….!!!!!!!!!!!!!!!!!

[Someone]

Da gir JetBlue opp å få kjøpt Spirit.

https://twitter.com/ByERussell/statu...45180714504292

JetBlue terminates merger agreement with Spirit

[Someone]

Etter ha brukt mye penger på mislykkede fusjoner, avblåste samarbeid og annet, må de nå spare penger og se på nettverket. Se endel ruter kuttes, mye fra FLL og LAX som ikke er transkontinentalt.

https://twitter.com/ByERussell/statu...96304555241875

[Trdfly]

JetBlue tok jo innersvingen og kapra «oppkjøpet» av Spirit framfor snuten av Frontier, men etter JetBlue ikke fikk kjøpe og Spirit går mot Chapter 11, vil Frontier igjen prøve å kjøpe Spirit.

Frontier exploring new bid for Spirit Airlines - report: Frontier Airlines (F9, Denver International) is considering making a renewed bid for Spirit Airlines (NK, Fort Lauderdale International), according to the Wall Street Journal, which reports that new merger discussions are at an early stage and that a deal may not materialise.

Citing "people familiar with the matter," the WSJ said that if a deal is reached it would likely be part of debt restructuring during a potential Chapter 11 bankruptcy protection procedure. Spirit has struggled to turn a profit recently and is reportedly...

https://www.ch-aviation.com/news/146...irlines-report

[Someone]

Da forsøker Frontier seg med et bud på Spirit igjen.

https://bsky.app/profile/byerussell..../3lguwxmc3as2h

NEW: Frontier Airlines has made an unsolicited bid to merge with Spirit Airlines, again.