Alaska Air clears big hurdle in its proposed merger with Hawaiian Airlines

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Alaska Air clears big hurdle in its proposed merger with Hawaiian Airlines - Business Standard

Quick Summary:

Alaska Air is one step closer to acquiring Hawaiian Airlines after the US Department of Justice chose not to challenge the USD 1.9 billion deal that the carriers say will create a company better able to serve travellers.

The brands of both airlines would be preserved after the merger, which is unique in an industry where decades of acquisitions have left only four big carriers dominating the US market.

The deal includes USD 900 million in debt held by Hawaiian Airlines.