JetBlue and Allegiant announce slot divestiture agreement

JetBlue Airways and Allegiant have entered into a definitive agreement under which JetBlue will transfer to Allegiant all of the holdings of Spirit Airlines at Boston Logan International Airport and Newark Liberty International Airport. JetBlue will also turn over up to five gates and related ground facilities at Fort Lauderdale-Hollywood International Airport to promote ultra-low-cost carrier growth. On June 1, JetBlue announced that it will divest all of Spirit’s holdings at New York’s LaGuardia Airport to Frontier. Together, these divestitures are part of JetBlue’s voluntary upfront commitments included in the merger agreement with Spirit and are conditioned on the closing