Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
Publishing timestamp: 2023-12-05 07:47:24
Summary
Alaska Air has agreed to buy Hawaiian Airlines for $1.9 billion in cash and debt. The deal is subject to approval by federal regulators, and the Justice Department has taken a hard stance against mergers it views as anticompetitive. The article discusses the challenges faced by both Alaska and Hawaiian, as well as the potential benefits of the acquisition. It also mentions the previous challenges brought by the Justice Department against airline deals and the skepticism surrounding this deal.
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