JetBlue to Sell Spirit Air’s LaGuardia Assets to Frontier
- Competitor airline to pick up gates, flying slots at airport
- Divestiture planned earlier to help win US approval of merger
Spirit Airlines aircraft takes off at La Guardia Airport.
Photographer: John Nacion/SOPA Images/LightRocket/Getty ImagesThis article is for subscribers only.
JetBlue Airways Corp. agreed to sell Spirit Airlines Inc.’s operations at New York’s LaGuardia Airport to rival carrier Frontier Group Holdings Inc.
The deal is contingent upon JetBlue closing a planned $3.8 billion acquisition of Spirit, according to a statement Thursday. JetBlue had earlier pledged to divest some assets to help secure federal approval of the acquisition, which has been challenged by the US Justice Department over concerns it would hurt consumers and reduce industry competition.