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Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brand

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Alaska 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.

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.

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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.
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DOT Approves Alaska Airlines And Hawaiian Airlines Merger With Public Interest ProtectionsThe Department of Transportation (DOT) has approved the merger between Alaska Airlines and Hawaiian Airlines, imposing conditions to protect consumers and ensure fair competition. Secretary Pete Buttigieg highlighted these protections, which include maintaining critical flight services, access for smaller airlines, cost reductions for families and service members, and preserving rewards program value.
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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.
ソース: fox13seattle - 🏆 328. / 59 続きを読む »

Alaska Airlines’ acquisition of Hawaiian Air is complete: What that means for AlaskansAlaska Airlines completed its acquisition of Hawaiian Air on Wednesday, just one day after the federal government cleared the way of major regulatory obstacles.
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