News Formal

Alaska Airlines Completes Acquisition Of Hawaiian Airlines

  • 📰 KTVF11
  • ⏱ Reading Time:
  • 27 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Business News

Airlines,Acquisition,Hawaiian Airlines

Alaska Airlines has officially completed its acquisition of Hawaiian Airlines following the removal of regulatory hurdles. The deal, valued at approximately $2.6 billion, sees Alaska assume roughly $900 million in Hawaiian debt. Alaska plans to retain the Hawaiian brand and service levels on key routes.

of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle to the deal.

Alaska will also assume about $900 million in Hawaiian debt. Alaska says it will keep Hawaiian as a separate brand, eliminating the need to repaint planes. To win approval from the Transportation Department this week, the airlines agreed to maintain current levels of service on key routes within Hawaii and between the island state and the U.S. mainland where they don’t face much competition.JetBlue’s attempt to buy Spirit AirlinesThe deal solidifies Alaska’s position as the fifth-largest U.S. airline by revenue.

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:

 /  🏆 267. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 completes $1 billion acquisition of Hawaiian AirlinesThe airlines announced Wednesday that they have completed the sale just a day after the federal government removed the last major regulatory obstacle.
Source: fox13seattle - 🏆 328. / 59 Read more »

Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brandThe deal to acquire Hawaiian Airlines solidifies Alaska's position as the fifth-largest U.S. airline by revenue.
Source: ABC7 - 🏆 67. / 68 Read more »

Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brandAlaska Airlines closed its $1 billion purchase of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle to the deal.
Source: AKNewsNow - 🏆 460. / 53 Read more »

Alaska Airlines completes acquisition of Hawaiian Air, which will remain a separate brandThe airlines announced Wednesday that they have completed the sale just a day after the federal government removed the last major regulatory obstacle.
Source: adndotcom - 🏆 293. / 63 Read more »