Originally Posted by
rickair7777
Accident of history... runup to a crazy election and the local dems in HI advocated in favor of the merger (alternative being potential HAL BK and SWA takeover). Also the regime was on the electoral ropes and IMO didn't want to make any high profile anti-business / anti-economy moves on short final to the election.
I don’t disagree there was politics in the background, but let’s be honest Spirit JetBlue wasn’t sunk just because of politics. The smart money had already left SAVE because the deal was a bad bet from day one.
Wall Street priced it as a long shot the entire time, and for good reason. Sure, the administration could have gone easier but even if the politics were different, the legal case for blocking it wasn’t a surprise. JetBlue and Spirit had to know that. When you can’t even get a Reagan appointee to sign off on your merger, you know it’s a stinker.
My whole point is the people who sit around and blame the Biden Administration, The judge or TC are pointing the finger at the wrong place:
https://www.youtube.com/watch?v=wKWJ4TIzE1o