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Alaska Air clears a very big hurdle in its proposed merger with Hawaiian Airlines

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Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1.9 billion deal that the carriers say will create a company better able to serve travelers.

FILE - Alaska Airlines planes are shown parked at gates with Mount Rainier in the background at sunrise, March 1, 2021, at Seattle-Tacoma International Airport in Seattle. announced in December that it would pay $18 in cash for each share of Hawaiian. The deal includes $900 million in debt held by Hawaiian Airlines.The brands of both airlines would be preserved after the merger, which is unique in an industry where decades of acquisitions have left only four big carriers dominating the U.S.

Alaska Air and Hawaiian Holdings, the parent company of Hawaiian Airlines, said in regulatory filings with the Securities and Exchange Commission Tuesday that the review period for the Justice Department, which had already been extended several times, expired just after midnight.

 

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