I personally feel its Jblu now. Franke saying he won't up his offer is probably more factual than not, and Jblu isnt going away. The delay of the shareholder vote is the Hail Mary by Teddy and the gang to try to either connive F9 to pony up more or to start talks with Jblu so they can say in the end "This was our plan, to have Jblu bring more to the table." And as Bunker said, negotiate a better severance package for themselves.

I think the DOJ approval thing is more bluster than anything, NK using that as the only valid point on why shareholders should vote for the F9 merger. Jblu can just let it go to court for the next 2 years, like the NEA, and wait for the next administration to come in. The fact they are willing to put a 1/3 of a billion dollars up for it shows they aren't too concerned with DOJ