On January 19th local time, NASDAQ: JBLU and NYSE: SAVE issued a statement stating that the two companies have jointly filed an appeal notice to the United States First Circuit Court of Appeals in accordance with the merger agreement requirements.
JetBlue Airlines and Spirit Airlines are the sixth and seventh largest airlines in the United States, respectively. On January 16th local time, William G. Young, a federal district court in Massachusetts, USA, blocked JetBlue's $3.8 billion acquisition of Spirit Airlines, stating that the merger would stifle competition, harm consumer interests, and push up ticket prices across the industry.