Has a precedent been set?
04.12.2023 - 02:15 / nytimes.com
Alaska Airlines said on Sunday that it planned to buy Hawaiian Airlines for $1.9 billion, a deal that would further consolidate the airline industry and probably attract the scrutiny of federal regulators.
The purchase would allow Alaska to enlarge its strong West Coast network, expand its presence in one of the world’s tourist hot spots, gain access to Asia, and acquire more pilots, planes and employees to fuel growth.
“We’ve always been a growth airline and, with this combination, we intend to grow more, both domestically and internationally,” Alaska’s chief executive, Ben Minicucci, said in an interview from Honolulu. “We see a tremendous amount of upside.”
Alaska said it planned to retain the Hawaiian brand, an unusual move in airline mergers and a departure from its approach with Virgin America, which it purchased in 2016 and absorbed. Combined, Alaska and Hawaiian would provide service to 138 destinations, including nonstop flights from the United States to airports in Central America, Mexico, Asia, Australia and the South Pacific, the airlines said.
Has a precedent been set?
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