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Alaska-Hawaiian Airlines Merger Nears Completion
2024-08-20 14:59:08
Business
Transportation
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Alaska-Hawaiian Airlines Merger Nears Completion

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The $1.9 billion Alaska-Hawaiian merger is close to finalization as the DOJ's antitrust review concludes without a lawsuit. Pending Transportation Department approval, it would be the largest U.S. carrier merger in 8 years.

Alaska's collaboration with Hawaii AG on commitments aims to expand North American destinations for residents and enhance union jobs. Notable is the DOJ's previous opposition to the Spirit-JetBlue merger.

Despite Alaska Air Group's 9% YTD stock decrease, the merger signifies a significant step forward in the aviation industry landscape.

The press radar on this topic:

Yahoo!
20. August 2024 um 05:38

Alaska Air, Hawaiian merger moves forward as US DOJ review period ends

Economy
Finance
(Reuters) - Alaska Airlines said late on Monday that the time period for the U.S. Department of Justice (DOJ) to complete its regulatory investigation of the proposed combination with Hawaiian Airlines has expired. "This is a significant milestone in the process to join our airlines," Alaska Airlines said in a statement posted on its website, adding that the airline is now awaiting next steps with the U.S. Transportation Department. (Reporting by Mrinmay Dey in Bengaluru; Editing by Savio D'So..
CNBC
20. August 2024 um 05:10

Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT

Economy
Finance
Alaska Airlines' $1.9 billion acquisition of Hawaiian Airlines has cleared the Justice Department's antitrust review, but still requires approval from the Transportation Department before the deal can close. The combined carrier would become the largest merger of U.S. airlines since Alaska's acquisition of Virgin America.
Yahoo!
20. August 2024 um 05:38

Alaska Airlines, Hawaiian merger clears US DOJ review

Economy
Finance
Politics
Alaska-Hawaiian $1.9B merger clears DOJ review; awaits DOT; aviation mergers face tough scrutiny, e.g. JetBlue-Spirit $3.8B blocked.
Reuters
20. August 2024 um 09:44

Alaska Airlines and Hawaiian Airlines Merger Approved by U.S. Department of Justice

Economy
Finance
Politics
[Reuters, April 20] - Alaska Airlines (ALK.N), opens new tab announced on April 19 that the Department of Justice has approved its merger plan with Hawaiian Airlines (HA.O), opens new tab. As a result, Hawaiian Airlines' stock price rose nearly 9% in pre-market trading on April 20, while Alaska Airlines' stock price remained flat. The next step is to obtain approval from the U.S. Department of Transportation. Alaska Airlines announced last year that it would acquire Hawaiian Airlines for $1.9..
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