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DOJ sues to block JetBlue from buying Spirit

STORY: The U.S. Justice Department said that the planned merger "would put travel out of reach for many cost-conscious travelers".

JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its $3.8 billion merger offer in late July last year but the acquisition had been expected to face a tough antitrust review from the beginning.