Deal for $1.9bn, which includes $900m in Hawaiian Airlines debt, would keep both airlines’ brands
Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9bn deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry.
The combined company would keep both airlines’ brands, rooted in the nation’s 49th and 50th states. Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86 after losing just over half its value in the year so far.
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