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AP National Business

Spirit Airlines shareholders approve $3.8B sale to JetBlue

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Published 7:16 AM

By DAVID KOENIG
AP Airlines Writer

Spirit Airlines shareholders are approving a $3.8 billion sale of the company to JetBlue Airways. Spirit announced the results on Wednesday. JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year. Even with Spirit shareholders accepting the buyout, the deal could face a big challenge from federal antitrust regulators. They appear to oppose any further consolidation in the airline industry after a round of mergers between 2005 and 2016. The Justice Department is already in court fighting against a partnership between JetBlue and American, which the government says is anti-competitive.

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