The Department of Transportation has approved the merger between Alaska Airlines and Hawaiian Airlines, provided that both carriers agree to certain conditions such as the value of their rewards programs and preserve critical routes for customers. For the first time, the DOT is requiring both airlines to agree to what it says are "binding, enforceable public-interest protections" to clear the merger.
We have secured binding protections that maintain critical flight services for communities, ensure smaller airlines can access the Honolulu hub airport, lower costs for families and service members, and preserve the value of rewards miles against devaluation," Buttigieg said. In July, both companies filed an application requesting that the DOT allow them to combine and operate international routes under one certificate.
The federal government is allowed to approve a transfer or grant an exemption if it is in the public interest. This includes preventing unfair, deceptive, predatory, or anticompetitive practices, the DOT said. GET FOX BUSINESS ON THE GO BY CLICKING HERE However, by locking in the terms, the DOT said it is "establishing a more proactive approach" to the merger review process that prioritizes protecting the public interest from the outset.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
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.
Fonte: NBCNewYork - 🏆 270. / 63 Leggi di più »
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.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »
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.
Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »
DOT Approves Alaska Airlines-Hawaiian Airlines Merger With Public Interest ProtectionsThe US Department of Transportation (DOT) has approved the merger between Alaska Airlines and Hawaiian Airlines, but with conditions. The DOT requires the airlines to implement 'public-interest protections' to safeguard the value of their rewards programs. These protections include preserving existing miles, enabling a 1:1 transfer ratio between their programs, maintaining earned mile value, and prohibiting new 'junk fees'. The merger was initially announced last December but faced delays due to legal challenges alleging potential harm to the Hawaiian economy.
Fonte: AKNewsNow - 🏆 460. / 53 Leggi di più »
Alaska Airlines, Hawaiian can close merger deal, DOT saysThe 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.
Fonte: cnnbrk - 🏆 393. / 55 Leggi di più »