WASHINGTON (Reuters) -The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections. The Justice Department in ...
“Today, the proposed merger of Alaska Airlines and Hawaiian Airlines cleared an important milestone. The regulatory review period for the U.S. Department of Justice has ended,” Hawaii’s governor Josh Green said. “The merger will vastly expand the number of destinations throughout North America...
losses in its operations while facing enormous investments in infrastructure and aircraft going forward. It isn’t at all clear that Hawaiian can survive in its current form without the Alaska merger. It has been widely rumored that the likely alternative will be a Hawaiian Air bankruptcy filing....
The announcement boosted shares of Hawaiian by nearly 9% in premarket trade on Tuesday, while Alaska's shares were flat. The merger is a $1.9 billion deal. "Over the past several months, my administration and I have worked with the leadership of Alaska Airlines to carefully review the pot...
ALASKA AIR, HAWAIIAN AIRLINES MERGER CLEARS DOJ HURDLE. WILL IT BENEFIT FLYERS? "We have secured binding protections that maintain critical flight services for communities, ensure smaller airlines can access the Honolulu hub airport, lower costs for families and service members, and preserve thevalue...
On December 3, last year, the two carriers publicly announced they had entered into a definitive merger, which could see Alaska Air Group (AAG) acquire the Honolulu-based carrier. The boards approved the terms of this agreement, and directors at both airlines and Hawaiian Holdings shareholders ...
Alaska Airlines has closed their acquisition of Hawaiian Airlines, although they will continue with their separate brands for a while at least. Here the pages about the merger on theHawaiian siteand theAlaska sitewith details about how the programs and perks will work during the transition. I re...
Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1 billion deal that the carriers say will create a company better able to serve travelers.
Alaska-Hawaiian merger clears DOT review, but with upfront terms to protect consumers CNBC's Phil LeBeau joins 'Power Lunch' to report on the DOT approving Alaska Airlines and Hawaiian Airlines planned merger. Tue, Sep 17 20242:39 PM EDTwatch...
Alaska Airlines and Hawaiian Airlines have agreed with the U.S. Department of Justice to extend their proposed merger's review period to Aug. 15 from the initial scheduled date of Aug. 5, the carriers announced Tuesday. The $1.9 billion deal,announced in December 2023, has been under antit...