Alaska Airlines, Hawaiian can close merger deal, DOT says

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Alaska Airlines, Hawaiian can close merger deal, DOT says

WASHINGTON - The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections.

The Justice Department in August opted not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S. airline, to Hawaiian, the 10th-largest carrier. DOT said Alaska and Hawaiian agreed to protect the value of frequent flyer rewards, maintain existing service on key Hawaiian routes to the continental United States and inter-island, ensure competitive access at the Honolulu airport and provide travel credits or frequent flyer miles for disruptions that are the fault of the airline.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOTThe Justice Department didn’t file a suit seeking to block the tie-up between Alaska and Hawaiian, but still have to face the DOT.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOTThe Justice Department didn't file a suit seeking to block the tie-up between Alaska and Hawaiian, but still have to face the DOT.
Source: CNBC - 🏆 12. / 72 Read more »

Alaska Airlines and Hawaiian Airlines merger clears regulatory hurdle, will now be reviewed by DOTAlaska Airlines announced Monday that its merger with Hawaiian Airlines cleared a major hurdle after the DOJ's time period to complete its investigation expired.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Alaska-Hawaiian merger clears DOT review, but airlines must preserve miles, routesThe two airlines can begin the process of closing their $1.9 billion merger.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Alaska Airlines clears a big hurdle in its proposed merger with Hawaiian AirlinesAlaska Airlines is one step closer to acquiring Hawaiian Airlines after the DOJ chose not to challenge the $1 billion deal.
Source: Mynorthwest - 🏆 438. / 53 Read more »