Alaska Airlines Buying Hawaiian Airlines For About $1.9 Billion: Details
By Amit Chowdhry ● Dec 5, 2023
Alaska Air Group and Hawaiian Holdings recently announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt. This combined company will unlock more destinations for consumers and expand the choice of critical air service options and access throughout the Pacific region, Continental United States, and globally. The deal is expected to enable a stronger platform for growth and competition in the U.S., as well as long-term job opportunities for employees, continued investment in local communities, and environmental stewardship.