Home Economy Economic Activity JetBlue, Spirit terminate $3.8B merger agreement

JetBlue, Spirit terminate $3.8B merger agreement

JETBLUE AND SPIRIT AIRLINES are ending their proposed $3.8 billion combination after a court ruling blocked their merger. JetBlue said Monday that even though both companies still believe in the benefits of a combination, they felt they were unlikely to meet the required closing conditions before the July 24 deadline and mutually agreed that terminating the deal was the best decision for both. /ASSOCIATED PRESS FILE PHOTO / WILFREDO LEE

JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger.  JetBlue said Monday that even though both companies still believe in the benefits of a combination, they felt they were unlikely to meet the required closing conditions before the July 24 deadline and mutually agreed that terminating

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