JetBlue receives final approval to acquire Spirit Airlines' LaGuardia Airport slots
JBLU Jetblue Airways Corp
$2.91 0.00%
View chart & analysis → - 1JetBlue Airways Corp has secured final regulatory approval to acquire 22 takeoff and landing slots at LaGuardia Airport from Spirit Airlines.
- 2The deal, based on JetBlue's bankruptcy court purchase price of $58.5 million earlier this summer, has been approved by the Federal Aviation Administration.
- 3Federal regulators rejected opposition from competitors on the grounds that the acquisition represents less than 5% of JetBlue's total slot capacity at LaGuardia Airport.
So what's the key point?
JetBlue has been permitted to take over 22 takeoff and landing rights at LaGuardia Airport from Spirit Airlines. Through this deal, JetBlue has secured more airport usage rights for $58.5 million.
Source Bloomberg +1 · View original ↗
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