Originally Posted by
tennisguru
It is 4-500 million dollars I believe.
Originally Posted by
Vsop
I think that’s in relation to the North East alliance with American.
nothing of the kind.
as part of their tender offer for spirit, JetBlue agreed to pay a breakup fee to spirit shareholders if the merger did not go through for ANY reason, including antitrust issues.
during the bidding war with F9, the NK CEO voiced concerns that antitrust issues might tank the B6 deal, this money was put up by B6 to get NK shareholders to vote for a JetBlue merger over a frontier merger.