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Alaska Airlines: Closes $1.9bn Acquisition for Hawaiian Airlines

Alaska Air Group Inc. has agreed to buy Hawaiian Holdings Inc., its rival, for a total of $1.9 billion in combined cash and debt.

Alaska Airlines acquires Hawaiian Holdings, expanding network and market position in Hawaii's premium flights. PHOTO: Alaska Air
Alaska Airlines acquires Hawaiian Holdings, expanding network and market position in Hawaii’s premium flights. PHOTO: Alaska Air

This move challenges the Biden administration’s strict position on corporate mergers, which has already hindered one partnership between airlines.

Under the terms of the deal, Alaskan Air will pay $18 per share in cash, including approximately

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