Alaska Airlines completes $1 billion acquisition of Hawaiian Airlines

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The airlines announced Wednesday that they have completed the sale just a day after the federal government removed the last major regulatory obstacle.

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.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.

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