News Formal

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

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Business Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 442. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.
Bron: NBCNewYork - 🏆 270. / 63 Lees verder »

Alaska Airlines, Hawaiian merger clears US DOJ reviewAlaska Airlines said its proposed merger with Hawaiian Airlines has been cleared just days after it agreed to extend a review period of the $1.9 billion deal.
Bron: cnnbrk - 🏆 393. / 55 Lees verder »

Department of Justice review period extended for Alaska, Hawaiian Airlines mergerA press release from Alaska Airlines says the original review period set to expire Aug. 5 will be extended an additional ten days to Aug. 15.
Bron: AKNewsNow - 🏆 460. / 53 Lees verder »