Union hints of acquisition
02-19-2025 | 04:24 PM
#593
Line Holder
Joined: Mar 2020
Posts: 305
Likes: 16
02-19-2025 | 04:26 PM
#594
Line Holder
Joined: Mar 2020
Posts: 305
Likes: 16
The judge’s ruling on JetBlue+Spirit stands and would need to be appealed if they wanted to reignite that merger plan. As for other airline mergers, this is Trump’s DOJ now. And this DOJ is viewed as being far softer, if not pro M&A. The JetBlue+Spirit ruling means nothing to other airline mergers during this 4-year administration.
yeaaah about that. That theory was debunked yesterday morning I believe. Seems as if we’re playing with the same rule book.
02-19-2025 | 06:19 PM
#596
Line Holder
Joined: Aug 2016
Posts: 730
Likes: 22
From: Bus CA
You see the letter the Trump's DOJ sent out yesterday basically affirming their MnA policy? I suggest you read it before assuming the new adminstration is going to be significantly different than Biden's. So yes, the JB/NK ruling absolutely will have a bearing and will be used in any future DOJ lawsuit should they decide to attempt to block mergers that may come before them.
Still, we’ll see if the DOJ holds to that rhetoric. They were probably trying to keep the invite list in check for the giant M&A party everyone has been talking about. Every talking head on financial news has been talking like antitrust laws don’t exist anymore, the DOJ probably needed to issue a statement. And although they have stated they intend to keep their strict review guidelines their emphasis will be on protecting American jobs; notably they didn’t mention protecting American consumers. None of the potential airline M&A activity effects a significant amount of American jobs, wouldn’t you say?
Last edited by DrJekyll MrHyde; 02-19-2025 at 06:30 PM.
02-19-2025 | 06:24 PM
#597
Line Holder
Joined: Mar 2020
Posts: 305
Likes: 16
I actually saw it on a news roundup an hour after I wrote that reply… {sigh}
Still, we’ll see if the DOJ holds to that rhetoric. They were probably trying to keep the invite list in check for the giant M&A party everyone has been talking about. Every talking head on financial news has been talking like antitrust laws don’t exist anymore, the DOJ probably needed to issue a statement.
Still, we’ll see if the DOJ holds to that rhetoric. They were probably trying to keep the invite list in check for the giant M&A party everyone has been talking about. Every talking head on financial news has been talking like antitrust laws don’t exist anymore, the DOJ probably needed to issue a statement.
02-20-2025 | 05:22 AM
#598
Line Holder
Joined: Mar 2012
Posts: 1,174
Likes: 27
So you think Spirit stays organic and exists in a year or 2 from now? My intention wasn't to dunk on Spirit, just making a comment on the fact there's probably going to be one ULCC very soon. That could very well be a merger between F9 and NK, not just Spirit desolving. Don't be so sensitive and read the post for the intent.
02-20-2025 | 07:12 AM
#599
Line Holder
Joined: Nov 2013
Posts: 654
Likes: 132
From: 737CA
I actually saw it on a news roundup an hour after I wrote that reply… {sigh}
Still, we’ll see if the DOJ holds to that rhetoric. They were probably trying to keep the invite list in check for the giant M&A party everyone has been talking about. Every talking head on financial news has been talking like antitrust laws don’t exist anymore, the DOJ probably needed to issue a statement. And although they have stated they intend to keep their strict review guidelines their emphasis will be on protecting American jobs; notably they didn’t mention protecting American consumers. None of the potential airline M&A activity effects a significant amount of American jobs, wouldn’t you say?
Still, we’ll see if the DOJ holds to that rhetoric. They were probably trying to keep the invite list in check for the giant M&A party everyone has been talking about. Every talking head on financial news has been talking like antitrust laws don’t exist anymore, the DOJ probably needed to issue a statement. And although they have stated they intend to keep their strict review guidelines their emphasis will be on protecting American jobs; notably they didn’t mention protecting American consumers. None of the potential airline M&A activity effects a significant amount of American jobs, wouldn’t you say?
02-20-2025 | 08:14 AM
#600
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
Any time you do a merger people will lose jobs. Whether it's through a severance or just plain old fashion elimination of a duplicate job. It's all about synergies. Just remember, two airlines airlines just merged a few months ago. Managements job is to argue the merits of what a merger will bring IF the DOJ objects. Spirit never argued in court that their existence was threatened. If they argued in court that they would go Ch11, the outcome may have been different. The judge made the decision based on the DOJ arguements of bad for consumers(based on a old law) vs good for consumers that Jetblue and Spirit made. Nothing in court was ever discussed about a threat to the enterprise existence. Meanwhile on the the other side of the country, HA/ALK are now one company. It's all about the arguments you make in court.
Thread
Thread Starter
Forum
Replies
Last Post
