- Spirit Airlines ( NYSE: SAVE ) CEO Ted Christie said he expects to hear from the Dept. of Justice concerning JetBlue ( NASDAQ: JBLU )'s planned acquisition of low-cost carrier in the next 30 days.
- Christie said Spirit ( SAVE ) is waiting to see if the DOJ files a lawsuit to block the deal or allows it to proceed, he commented during the airliner's Q4 earnings conference call. Spirit said in December that the airline and JetBlue ( JBLU ) had certified substantial compliance with the DOJ's second request.
- Dealreporter last Monday said that the DOJ has been sending out depositions as it prepares for a possible lawsuit to block JetBlue's ( JBLU ) planned purchase of Spirit ( SAVE ).
- JetBlue ( JBLU ) agreed to a $3.8 billion acquisition of Spirit ( SAVE ) in late July after a long battle for the low-cost airline from rival Frontier ( ULCC ).
- Spirit Airlines ( SAVE ) shares gained 1.5% in regular trading after posting stronger than expected profits for the fourth quarter.
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Spirt Airlines expects to hear from DOJ on JetBlue deal in next 30 days