Alaska Airlines airplane and a Hawaiian Airlines airplane at Los Angeles International Airport (LAX) in Los Angeles

Alaska Airlines Cleared to Finalize $1.9 Billion Acquisition of Hawaiian Airlines, Says U.S. Transportation Department

BySamod Biobaku

The U.S. Department of Transportation (DOT) has given Alaska Airlines the green light to proceed with its $1.9 billion acquisition of Hawaiian Airlines, following an agreement between the carriers to maintain key routes and implement consumer protections. The deal, first announced in December, will see Alaska Airlines, the fifth-largest U.S. airline, acquiring Hawaiian Airlines, the…

Alaska Airlines
|

Alaska Air Announces $1.9 Billion Acquisition of Hawaiian Airlines

BySamod Biobaku

In a significant move within the aviation industry, Alaska Air (ALK) disclosed on Sunday its plans to acquire Hawaiian Airlines (HA) for a substantial $1.9 billion. The acquisition, resulting from several months of negotiations, includes the absorption of $900 million in Hawaiian Airlines debt. Alaska Airlines CEO Ben Minicucci expressed enthusiasm about the deal during…