National Biden wants airlines to pay passengers whose flights are hit by preventable delaysĪlaska and Hawaiian are both smaller than the nation's dominant carriers, but they said a combination would meld two complementary networks to offer more connectivity to 138 destinations for passengers traveling through the continental United States and across the Pacific, including nonstop service to 29 international destinations in the Americas, Asia, Australia and the South Pacific. The combined airline would participate in the oneworld Alliance, which includes American Airlines, British Airways and Cathay Pacific. The companies forecast the acquisition will add to profits within two years of the deal closing. The combined airline would be based in Seattle, with Alaska Airlines CEO Ben Minicucci at its head. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86 after losing just over half its value in the year so far. The combined company would keep both airlines' brands, rooted in the nation's 49th and 50th states. SEATTLE - Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry. Alaska Air Group said Sunday that it agreed to buy Hawaiian Airlines. An Hawaiian Airlines plane taxis for position at Kahalui, Hawaii, on the island of Maui, March 24, 2005.
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