JetBlue Taps Advisers for Potential Sale to Rivals
JetBlue has hired advisers to evaluate a potential sale to a rival carrier. The airline is reviewing how various mergers might be viewed by federal regulators.
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JetBlue Airways Corporation has reportedly engaged advisers to evaluate the possibility of a sale to a rival carrier, according to a report from Semafor on Wednesday. Following the news, shares of the New York-based low-cost airline climbed 14%. The company is said to be analyzing how potential mergers with major competitors, including United Airlines Holdings, Inc., Alaska Airlines, or Southwest Airlines Co., might be received by regulators in the United States.
