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Chapters:
Intro - 0:00
PIA - 0:56
The JetBlue / Spirit Deal - 2:14
JetBlue's Conundrum - 2:45
PanAm's Downfall - 4:41
JetBlue and PanAm Parallels - 6:47
One Last Problem - 8:05
The DOJ's Decision - 9:26
Outro: 10:28
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Late last year, JetBlue rocked the aviation world. The carrier announced it buying Spirit Airlines for nearly $4 billion. The deal was designed to inject new life into JetBlue, and help it regain prominence after years of declining market share. But just a few weeks ago, those hopes were dashed. The DOJ announced it would block the deal, which seemed like a major loss for the carrier. But in reality, it’s a blessing in disguise. If you take a closer look, JetBlue’s takeover of Spirit is eerily similar to PanAm’s acquisition of National Airlines - a deal that ended up sinking the famed carrier. And had the Spirit deal progressed, JetBlue may have suffered a similar fate. Let me explain…