Alaska Airlines has announced its acquisition of Hawaiian Airlines in a $1.9 billion deal, with both companies emphasizing the expansion of benefits and choices for travelers on the West Coast and in Hawaii.
The merger aims to maintain the individual brands of both airlines while creating a stronger network.
The acquisition includes assuming $900 million of Hawaiian Airlines’ net debt. (Trending: Bombshell Email Uncovered Between Joe Biden And Hunter)
The combined airline is expected to establish Honolulu as a key hub, offering expanded services to the U.S. mainland and new connections to Asia and the Pacific.
“This combination is an exciting next step in our collective journey to provide a better travel experience for our guests and expand options for West Coast and Hawai’i travelers,” said Ben Minicucci, Alaska Airlines CEO.
“We have a longstanding and deep respect for Hawaiian Airlines, for their role as a top employer in Hawai’i, and for how their brand and people carry the warm culture of aloha around the globe.”
“Since 1929, Hawaiian Airlines has been an integral part of life in Hawai’i, and together with Alaska Airlines we will be able to deliver more for our guests, employees and the communities that we serve,” said Peter Ingram, Hawaiian Airlines President and CEO.
“In Alaska Airlines, we are joining an airline that has long served Hawai’i, and has a complementary network and a shared culture of service.
The deal’s closure is subject to approval by Hawaiian shareholders within 12 to 18 months.