“Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal”

“Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years.

Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the companies said Sunday. Shares of Hawaiian Airlines closed on Friday at $4.86, giving the company a market capitalization of about $250 million. They’re down nearly 53% this year…”

https://www.cnbc.com/2023/12/03/alaska-airlines-to-acquire-hawaiian-airlines-in-1point9-billion-deal.html