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12/3/2023, 10:08 PM (Source: TeleTrader)
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Alaska Airlines set to acquire Hawaiian Airlines in $1.9B deal

Alaska Air Group. is set to acquire Hawaiian Airlines HA in a deal worth approximately $1.9 billion, the Associated Press reported on Sunday.

The agreement involves Alaska Air paying $18 per share in cash, totaling $1 billion, and assuming $900 million of Hawaiian Airlines' debt. The combined entity, maintaining both airlines' brands, aims to enhance connectivity to 138 destinations.

The deal, contingent on board approvals, shareholder consent from Hawaiian Holdings and regulatory clearance, signals a strategic move in the Pacific region's competitive airline.

Baha Breaking News (BBN) / NL