Alaska Airlines has announced its plan to acquire Hawaiian Airlines in a deal worth $1.9 billion, including debt. [Forbes] The acquisition must first undergo scrutiny from the Department of Justice (DOJ) before it can be finalized. [Forbes] The deal is expected to face tough regulatory scrutiny due to concerns over reduced competition and potentially higher prices for consumers. [Newsmax] However, both airlines are confident that the merger will be approved, and they are committed to working with regulators to address any concerns. [Review Journal]
Alaska Airlines, based in Seattle, is one of the largest carriers in the United States, while Hawaiian Airlines is the largest carrier in the state of Hawaii, with a strong presence in both domestic and international markets. [Boston Globe] The merger is expected to benefit both airlines by creating a stronger, more competitive company with a broader network and greater resources. [NY Post] It will also allow them to better compete with other major carriers in the industry. [Chicago Tribune]
The CEOs of both Alaska Airlines and Hawaiian Airlines have expressed their excitement about the merger and their belief that it will create a stronger airline that can better serve its customers. [Fox Business] They also believe that the combination of their two airlines will create new growth opportunities and improve the overall travel experience for their passengers. [MarketWatch]
In addition to the $1.9 billion in cash, Alaska Airlines will also assume nearly $900 million in Hawaiian Airlines' net debt as part of the deal. [Globe and Mail] The merger is expected to be completed in the second half of 2024, pending regulatory approval. [Fortune]
Overall, the acquisition of Hawaiian Airlines by Alaska Airlines has the potential to reshape the airline industry in the United States. If the deal is approved, it will create a larger, more competitive carrier with an expanded network and increased market share. [LiveNowFox]
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