Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast.The purchase values Hawaiian Airlines at $18 per share, and includes the inheritance of $900 million of the company’s debt, according to a news release Sunday. Shares of Hawaiian Airlines closed on Friday at $4.86, giving the company a market cap of about $250 million.The transaction is expected to close in the next year or 18 months. The combined company will be based in Seattle, where Alaska Airlines is headquartered, and led by its CEO, Ben Minicucci.More stories from CNBCMeta’s AI chief doesn’t think AI super intelligence is coming anytime soon, and is skeptical on quantum computing Exxon Mobil CEO urges COP28 to focus ...