The U.S. Department of Justice will not challenge the $1 billion merger deal between Alaska Airlines and Hawaiian Airlines.
Alaska Airlines has overcome a major hurdle in its plans to buy Hawaiian Airlines.The U.S. Department of Justice has decided not to challenge the $1 billion deal, which airlines believe will create a company that will serve travelers better.Alaska Air announced in December that it would pay $18 in cash for each share of Hawaiian Airlines, including a debt of $900 million owed by the latter.
Alaska and Hawaiian have been working with Transportation Department on a number of ongoing issues, according to the SEC filing.The decision by the Justice Department to not challenge the deal contradicts the Biden administration's opposition to two recent attempts at further consolidation in the airline industry.
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