Alaska-Hawaiian merger decision delayed to mid-August

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Antitrust enforcers looking into Alaska Air Group Inc.’s plan to buy Hawaiian Holdings Inc. will take more time to decide on the proposed $1.9 billion deal.

By Leah Nylen and Mary Schlangenstein, The Washington PostHawaiian Airlines and Alaska Airlines passenger jets at LAX. MUST CREDIT: Eric Thayer/Bloomberg

The Justice Department and state attorneys general now have until Aug. 15 to determine whether to try to block the tie-up or allow it to move forward, according to a company regulatory filing Tuesday. The airlines had originally sought a decision by Aug. 5, but agreed to an extension. The combination of Alaska and Hawaiian would capture more than 50% of Hawaii’s airline market, which has annual revenue of $8 billion, the carriers have said. But travelers in Hawaii would be able to reach more destinations through the combined networks, while creating a stronger competitor to the four largest domestic airlines that dominate the US market.

The agency opened an in-depth review of the transaction in February. The Biden administration has taken a tough stance on airline mergers, derailing a planned combination of JetBlue Airways Corp. and Spirit Airlines Inc. and breaking up a regional partnership between JetBlue and American Airlines Group Inc.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 293. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

3 Stocks That Can Benefit From CrowdStrike’s BlunderStocks Analysis by The Tokenist (Timothy Fries) covering: Broadcom Inc, Fortinet Inc, Palo Alto Networks Inc, CrowdStrike Holdings Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »