Alaska Airlines Seeks to Acquire Hawaiian Airlines

Alaska Airlines and Hawaiian Airlines may soon merge to become one of the largest air carriers in the world.

Monday, December 04, 2023 at 02:20 PM ET

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The companies expect the proposed acquisition to close in 12 to 18 months. [Courtesy: Alaska Airlines/Hawaiian Airlines]

Key Takeaways:

Alaska Airlines plans to acquire Hawaiian Airlines for approximately $1.9 billion, a deal approved by both boards but pending federal regulatory approval, with an expected close in 12-18 months.
The merger aims to enhance travel options for West Coast and Hawaii travelers, invest in guest experience, maintain Hawaiian's brand and inter-island service, and establish Hawaii as a major hub for Japan travel.
Key challenges include potential regulatory pushback due to monopoly concerns, complex pilot seniority integration, and anticipated "growing pains" during the transition.

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Alaska Airlines and Hawaiian Airlines may soon merge to become one of the largest air carriers in the world. On Sunday, Alaska Air Group Inc. (NYSE: ALK) announced plans to acquire Hawaiian Holdings Inc. (NASDAQ: HA).

According to a statement from the air carriers, the Seattle-based airline will “acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt.”