{
  "docId": "019de072-80e6-7499-9730-1d8a015d0751",
  "docSlug": "385ed3f5a65b8fa6e25b322e95edf775",
  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 25 slides",
  "authorId": "jetblue",
  "authorName": "JetBlue",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 7,
  "pageCount": 25,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a two-part argument structure: market-level pro-competitive benefits followed by deal-level regulatory risk mitigation.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de072-80e6-7499-9730-1d8a015d0751/7",
  "deckHref": "/decks/019de072-80e6-7499-9730-1d8a015d0751",
  "deckJsonHref": "/decks/019de072-80e6-7499-9730-1d8a015d0751.json",
  "deckAnchorHref": "/decks/019de072-80e6-7499-9730-1d8a015d0751#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.85,
        "x": 0.1,
        "y": 0.6
      },
      "kind": "list",
      "text": "Leading to high conviction in achieving regulatory approval and consummating the transaction: Proposal contemplates contractual commitments; Includes 'reverse break-up fee'; More favorable than Frontier offer.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "721b0671-7973-4534-a924-86c9e3e4deb0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.85,
        "x": 0.1,
        "y": 0.25
      },
      "kind": "list",
      "text": "Proposed combination is pro-competitive: 'JetBlue Effect' is more effective than ultra-low-cost carriers in lowering legacy fares; Greater customer benefits; Lower barriers to entry for competitors.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e744a0c6-8683-4505-badd-2d214941c3a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "title",
      "text": "Pro-competitive Features Support High Conviction in Ability to Close Transaction",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b013edc-dae5-41db-9c59-bd9d69b6da1f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "preempt_rebuttal",
      "slug": null,
      "matchId": "e230072d-c365-477d-8e76-f439f965e4ae",
      "evidence": "The slide explicitly addresses potential regulatory concerns (antitrust) by framing the deal as pro-competitive and highlighting risk-mitigation features like the reverse break-up fee.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 8,
      "from": 5,
      "beatId": "ea2c0f0f-eb55-464b-8751-698b12ff4026",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The deck highlights the strategic rationale and financial impact of the merger.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 10,
      "from": 6,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "fdfe9b32-c782-498c-8077-39e1aae969e0",
      "evidence": "The deck provides a valuation reveal and comparison table.",
      "position": 0,
      "objective": "What is the value of the merger to Spirit shareholders?",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 0.7,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}