The federal government sued to stop JetBlue Airways from taking over South Florida-based Spirit Airlines in a $3.8 billion deal. The Department of Justice alleged the merger would narrow choices for consumers. The companies assert the agreement would open more flights and lower prices.
Shareholders in Sprit Airlines, South Florida's hometown discount air carrier. approved a $3.8 billion buyout offer from JetBlue Airways of New York on Wednesday in a deal that would see Spirit vanish into the history books of commercial aviation.