Reported about 2 months ago
The U.S. Transportation Department announced that it is reviewing the merger between Alaska Airlines and Hawaiian Airlines after the deal received a crucial approval from the Justice Department. The $1.9 billion acquisition aims to combine both airlines, enhancing travel options for Hawaiian residents. Following the Justice Department's approval, shares of Hawaiian Airlines surged over 11%. Alaska Airlines, the fifth largest domestic carrier, has extended the review process for the acquisition, which has also seen recent legal challenges. This milestone signifies a step closer to finalizing the merger.
Source: YAHOO