Originally Posted by
BusBoi
If the merger is terminated JB owes us several hundred million dollars. It would bankrupt them. If the DOJ nixes the NEA, JB and AA go their separate ways, no hard feelings. They will take the merger given the choice.
As someone said, their tactic might be to make the NEA so extensive that after it's pared-down by DOJ, it's still something worthwhile.
JBLU starts making monthly termination fee payments next month. It'll be paid off before it even goes to the DOJ for a vote.