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Earlier today, December 3rd, 2023, Seattle Washington based Alaska Airlines announced it has agreed to buy Hawaiian Airlines for $18s per stock share at an estimated value of approximately 1.9 billion Dollars. The 2 airlines coming together will better serve its western and pacific region destinations. In an earlier news release, Hawaiian airlines is quoted saying “The combined airline will maintain both industry-leading Alaska Airlines and Hawaiian Airlines brands while integrating into a single operating platform, enabling the remarkable service and hospitality of each to be enjoyed by passengers with continued excellence in operational reliability, trust and guest satisfaction for which both companies have been consistently recognized.” Hawaiian expects to seek the approval of its share holders by the first quarter of 2024 and also expects the deal to be closed in 12-18 months, which would be around the beginning of 2025 if approved by both investor groups and the regulatory groups.
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