JetBlue, Spirit Airlines $3.8 Billion Merger Blocked By Court Ruling After Losing Antitrust Case
FAA: "The FAA's audit found multiple instances where Boeing and Spirit AeroSystems allegedly failed to comply with manufacturing quality control requirements".
JETBLUE/SPIRIT - The airlines JetBlue Airways and Spirit Airlines have ended their $3.8 billion merger after losing an antitrust suit resulting in the merger being blocked by a court ruling.
Federal Aviation Administration (FAA): The FAA's audit found multiple instances where Boeing and Spirit AeroSystems allegedly failed to comply with manufacturing quality control requirements. We will review all of Boeing’s corrective actions to determine if they fully address our findings.
Statements And Documentation On Termination Of Acquisition Of Spirit Airlines By JetBlue:
Keep reading with a 7-day free trial
Subscribe to The Standeford Journal - News, Intel Analysis to keep reading this post and get 7 days of free access to the full post archives.