Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal
Publishing timestamp: 2023-12-04 12:08:53
Summary
Alaska Airlines has agreed to acquire Hawaiian Airlines in a deal valued at $1.9 billion. The deal is subject to approval by federal regulators. Both airlines will keep their respective brands, and the new carrier will be based in Seattle. Hawaiian Airlines has faced challenges in recent years, including increased competition and the impact of the pandemic. Alaska Airlines sees the acquisition as a unique opportunity to become a market leader in the premium-travel Hawaii market. The deal is expected to close in 12 to 18 months, pending regulatory approval.
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