Open in App
  • U.S.
  • Election
  • Newsletter
  • Reuters

    Alaska Air, Hawaiian further extend review period of proposed deal

    By Reuters,

    10 hours ago
    https://img.particlenews.com/image.php?url=0GCx0O_0uyoDff300

    (Reuters) - Alaska Air said on Thursday it has agreed to further extend the review period of its proposed $1.9 billion acquisition of peer Hawaiian Holdings with the U.S. Department of Justice (DOJ).

    The companies will extend the review period with the DOJ until 12:01 AM ET, Aug 20.

    On Wednesday, the airlines had said the review period was extended until 12:01 AM ET on Friday.

    The deal was announced last year and the carriers said in March they "have been working cooperatively with the DOJ and expect to continue to do so".

    Mergers and acquisitions in the aviation industry have faced tough scrutiny from regulators. Earlier this year, a federal judge blocked JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.

    (Reporting by Utkarsh Shetti in Bengaluru; Editing by Vijay Kishore)

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular
    smartertravel.com28 days ago

    Comments / 0