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SAN FRANCISCO: Alaska Airlines announced on Sunday that it would buy Hawaiian Airlines for $1.9 billion, consolidating its position as the nation's fifth biggest carrier if it can attain regulatory approval.
Two of America’s largest regional airlines are joining forces in an industry dominated by size.
A 1.9 billion dollar purchase of Hawaiian Air by Alaska Airlines will soon have the two companies operate under one loyalty program.
Alaska Air Group Inc. shares sank Monday after it said it would acquire Hawaiian Holdings Inc. for $1.9 billion in cash and debt, in the latest attempt to consolidate the U.S. aviation industry despite regulatory headwinds.
Alaska said it would buy Hawaiian for $1.9 billion in a deal code-named project Triggerfish for Hawaii’s state fish.