Originally Posted by
Lakeaffect
You are so right! No one was gripping when Spirit got **** blocked. If the Fed Govt really thinks Spirit matters, which they clearly do, they waisted tax payer dollars to block the merger because how important Spirit was then, despite the airline loosing money…….and now it’s time to deal with the consequences and put your money where your mouth is. Which is what DT is doing.
Originally Posted by
Stankhunt42
Problem with your statement is TC told the government that a stand alone Spirit would be just fine. They asked point blank and he said no. That’s not the fault of the government, and makes your point completely invalid.
TC's statement was the sole reason that Judge Young blocked the merger?? Far from. Applying the Clayton Act to the merger gave the Judge little, to no, wiggle room. Spirit and jetBlue had to prove that the merger wouldn't lessen competition or negatively effect a market. That's a burden that's nearly impossible to overcome in any merger. A settlement would have been the only way around it, and the government had no interest in settling out of court.