In the courtroom.
12-14-2023, 06:10 AM
#491
Gets Weekends Off
Joined APC: Jul 2014
Posts: 805
Howdy Folks.... Trial briefs are here for both the DOJ and JBLJU
JBLU: https://storage.courtlistener.com/re...4267.450.0.pdf
DOJ: https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.451.0.
pdf
After reading these, I am even more bullish this closes. The DOJ may have put on a decent showing at closing arguments, but they got absolutely SLAPPED in all closing documents, imo.
JBLU: https://storage.courtlistener.com/re...4267.450.0.pdf
DOJ: https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.451.0.
After reading these, I am even more bullish this closes. The DOJ may have put on a decent showing at closing arguments, but they got absolutely SLAPPED in all closing documents, imo.
12-14-2023, 10:07 AM
#492
Line Holder
Joined APC: Feb 2016
Posts: 98
Attorneys have been contacted for and an announcement in favor of the merger will be announced on the morning of the 19th!
merger will be allowed go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps JetBlue may take to merge into one and the timeline.
merger will be allowed go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps JetBlue may take to merge into one and the timeline.
You guys keep conflating a potential DOJ trial victory with a 100% probability of JBLU electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
Not trying to rain on anyone’s parade, just pointing out there is still a whole flock of black swans hovering over this thing.
Last edited by DontCallMeCindy; 12-14-2023 at 10:20 AM.
12-14-2023, 10:18 AM
#493
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
^^^Corrected it for you
You guys keep conflating a potential DOJ trial victory with a 100% probability of JetBlue electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
You guys keep conflating a potential DOJ trial victory with a 100% probability of JetBlue electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
12-14-2023, 10:24 AM
#494
Line Holder
Joined APC: Jan 2022
Posts: 57
If anyone sits down and actually reads those closing briefs, and still think the DOJ met the burden of proof to pass step 1 of the baker hughes analysis.... I don't know what to tell ya. I could be wrong but it seems like it won't even get to the stage of considering additional divestitures. Their argument is a contradicting mess.
12-14-2023, 10:57 AM
#495
Line Holder
Joined APC: Jun 2018
Posts: 50
If anyone sits down and actually reads those closing briefs, and still think the DOJ met the burden of proof to pass step 1 of the baker hughes analysis.... I don't know what to tell ya. I could be wrong but it seems like it won't even get to the stage of considering additional divestitures. Their argument is a contradicting mess.
12-14-2023, 11:21 AM
#496
Gets Weekends Off
Joined APC: Jan 2015
Posts: 393
What did the DOJ claim was the relevant market? They were a little flip floppy on what the relevant market was, were they not? They were mostly upset that the ULCC was being taken out of the market, however they couldn’t claim that the ULCC was the market because doing so would not be anti-competitive since the combined company would no longer be competing in the ULCC market.
12-14-2023, 11:35 AM
#497
Gets Weekends Off
Joined APC: Sep 2016
Posts: 931
^^^Corrected it for you
You guys keep conflating a potential DOJ trial victory with a 100% probability of JBLU electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
Not trying to rain on anyone’s parade, just pointing out there is still a whole flock of black swans hovering over this thing.
You guys keep conflating a potential DOJ trial victory with a 100% probability of JBLU electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
Not trying to rain on anyone’s parade, just pointing out there is still a whole flock of black swans hovering over this thing.
12-14-2023, 01:31 PM
#498
Line Holder
Joined APC: Jun 2018
Posts: 50
What did the DOJ claim was the relevant market? They were a little flip floppy on what the relevant market was, were they not? They were mostly upset that the ULCC was being taken out of the market, however they couldn’t claim that the ULCC was the market because doing so would not be anti-competitive since the combined company would no longer be competing in the ULCC market.
12-14-2023, 01:37 PM
#499
Gets Weekends Off
Joined APC: Dec 2022
Posts: 869
DOJ claims origin and destination pairs are the relevent market, and showing a lessening of competition on any one route meets their burden of proof to quash the deal. JetBlue claims the overall nationwide market is relevent, and individuals routes are not. There are of course nuances in each of their arguments, but that is the crux of it.
12-14-2023, 01:42 PM
#500
Line Holder
Joined APC: May 2017
Posts: 55
^^^Corrected it for you
You guys keep conflating a potential DOJ trial victory with a 100% probability of JBLU electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
Not trying to rain on anyone’s parade, just pointing out there is still a whole flock of black swans hovering over this thing.
You guys keep conflating a potential DOJ trial victory with a 100% probability of JBLU electing to complete the transaction.
Regardless of any additional required divestitures, there are many other pieces of the puzzle: namely the financial condition of Spirit, the market dynamics now versus the time of the bidding war, and the underlying value of the entity.
Not trying to rain on anyone’s parade, just pointing out there is still a whole flock of black swans hovering over this thing.
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