There's some real nonsense going on behind the scenes. An offer from JB that was a superior payout to the shareholders, with concessions in the event the deal fell through. Either way, NK/F9 or B6/NK merging would create the 5th largest airline. Their argument is the business model of JB is going to tank the deal with regulators as opposed to the ULCC? That's the only real difference. I see some major lawsuits being directed towards NK.