Alaska Airways has reached a deal to purchase Hawaiian Airways, the corporate introduced Sunday.
Alaska Air Group, Inc. pays $18 a share — a transaction worth of roughly $1.9 billion — for Hawaiian Holdings, Inc., the mother or father firm of Hawaiian Airways.
The boards of each corporations have agreed on the deal, which is predicted to shut in 12-18 months, in keeping with a press release from the airways.
The mixed group will probably be primarily based in Seattle underneath the management of Alaska Airways CEO Ben Minicucci.
”This mix is an thrilling subsequent step in our collective journey to supply a greater journey expertise for our visitors and develop choices for West Coast and Hawai’i vacationers,” Minicucci mentioned in a press release.
The airways mentioned the transfer will protect each manufacturers and unlock extra journey locations for flyers. The mixed firm will provide service to 138 locations, together with continuous service to 29 high worldwide locations within the Americas, Asia, Australia and the South Pacific, the assertion mentioned.
Earlier this yr, journey web site The Factors Man ranked Alaska Airways because the third greatest airline within the U.S., after Delta Air Traces and United Airways. Hawaiian Airways took sixth place.
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