JetBlue has committed to sell all Spirit Airlines holdings in Boston and Newark to Allegiant Air as part of the ongoing merger between JetBlue and Spirit Airlines.
JetBlue will transfer holdings of Spirit Airlines at Boston Logan International Airport and Newark Liberty International Airport, consisting of two gates in Boston, two gates in Newark, and 43 takeoff and landing authorisations in Newark.
This also includes the turning over of gates and related ground facilities at Fort Lauderdale-Hollywood International Airport.
The sale of these assets forms part of JetBlue’s voluntary upfront commitments laid out in the merger agreement. They are also conditioned upon the closing of JetBlue’s transaction with Spirit and are subject to approval from local airport authorities.
The Spirit and JetBlue deal is expected to close in the first half of 2024.
On this agreement, Robin Hayes, Chief Executive Officer of JetBlue, said: “Merging with Spirit will allow us to bring our signature service and low fares to even more people and places across the country and beyond. Our divestiture commitment, while not needed to ensure the continued growth of the vibrant ultra-low-cost-carrier segment, is aimed at removing any doubt of our commitment to promoting competition.”
“We are committed to long-term growth, especially in areas such as New York, Boston and Florida. This agreement will allow us to expand our service in these cities and ensure that customers have even more access to affordable, nonstop flights for their travel needs,” added Drew Wells, Chief Revenue Officer of Allegiant Air.