Alaska Airlines and Hawaiian Airlines to merge

Alaska Air Group and Hawaiian Holdings have entered into a definitive agreement where Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9bn, inclusive of $0.9bn of Hawaiian Airlines net debt. The two companies believe that combining will create a “stronger platform for growth and competition in the US, as well as long-term job opportunities for employees, continued investment in local communities and environmental stewardship”. Ben Minicucci, chief executive officer (CEO) of Alaska Airlines, described the combination as “an exciting next step in our collective journey” and commented on the “longstanding