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Shares of JetBlue Airways Corp (JBLU) rose 12% on Wednesday following reports that the company is considering selling itself to a rival airline.
Semafor reported on Wednesday, citing people familiar with the matter, that the company has tapped advisers to assess the viability of the sale plan. The company has reportedly considered scenarios of how a deal with United Airlines, Alaska Airlines, or Southwest Airlines might fare in Washington.
JetBlue’s deal to acquire Spirit Airlines was blocked on antitrust grounds and any future merger deal is likely to attract similar scrutiny, the report added.
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