3/31, 10:07 PM (Source: TeleTrader)
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4 more US states join bid to stop JetBlue-Spirit merger

California, New Jersey, North Carolina and Maryland signed on Friday the lawsuit filed by the United States Department of Justice to block JetBlue Airways' $3.8 billion takeover of Spirit Airlines.

"We look forward to litigating this important case alongside our state law enforcement partners to stop JetBlue from eliminating its rival, Spirit," Principal Deputy Assistant Attorney General Doha Mekki stated.

In its lawsuit filed on March 7, the Justice Department argued that the merger would increase costs and lead to fewer seats on planes, negatively affecting millions of Americans. Massachusetts, New York and the District of Columbia initially backed the suit.

Baha Breaking News (BBN) / ND