Back to Squawk list
  • 24

JetBlue to Buy Spirit for $3.8 Billion After Months-Long Fight for Discounter

JetBlue Airways has reached a $3.8 billion deal to buy Spirit Airlines in a takeover that would create the country’s fifth-largest airline and remove a fast-growing budget carrier from the market ( More...

Sort type: [Top] [Newest]

James Simms 4
Get those resumes sharpened up & ready
Leander Williams 3
Why can't these airlines just buy assets? If I had the money I would buy new aircraft, instead of a substandard airline. Jet Blue should have analysts that know that if they expanded into some of the markets they are trying to acquire with these low-cost, no-frills airlines their reputation should almost immediately get them a lion's share of the market.
jafrank 7
Except that gates, and landing slots, and people to operate and ground support those new aircraft, are not unlimited resources.

If JetBlue decides that they want to start servicing BOS-DAL, they can't just simply buy another couple of planes and start flying there - they would pretty much have to buy or merge with Southwest, Delta, or Alaska to get in there

Besides, they are getting 180+ Airbus aircraft for their $3.8B, plus spares and other assets. Could they buy that many (new OR used) elsewhere for that money?

Finally, it seems very unlikely that this will be an all-cash deal - they will be buying off stockholders with shares of stock in the newly merged company. That works great for buying a corporation, but it doesn't seem likely that Airbus will accept JetBlue shares as payment for a new plane.

It sucks on a lot of levels, but from a financial standpoint it's a much more cost effective method to grow
Leander Williams 3
Probably half the cost of the merger will be paint on all those bananas.
FlightSeer 1
That might be too logical and minimize the risk, to boot! Maybe they want to live dangerously????? :- )
Dennis Stockton 2
Sounds like a bargain when considering Musk's bid of $44B for Twitter.

Bill Fambrough 2
Hope someone has enough Jet Blue paint to get rid of the canary yellow of SPL.
Derek Vaughn 1
This will be pretty messier than people think.
DonDengler 0
Two losers


Don't have an account? Register now (free) for customized features, flight alerts, and more!
Did you know that FlightAware flight tracking is supported by advertising?
You can help us keep FlightAware free by allowing ads from We work hard to keep our advertising relevant and unobtrusive to create a great experience. It's quick and easy to whitelist ads on FlightAware or please consider our premium accounts.