© Reuters. File picture: Hawaiian Airlines airplanes sit idle on the runway on the Daniel Ok. Inouye International Airport as a result of enterprise downturn brought on by the coronavirus illness (COVID-19) in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia/File pho
(Reuters) – Alaska Air (NYSE:) mentioned on Sunday that it has entered an settlement to amass Hawaiian Airlines for $1.9 billion, which incorporates $0.9 billion of Hawaiian Airlines web debt.
Alaska Airlines will purchase Hawaiian Airlines for $18.00 per share in money, the 2 firms mentioned, including that the transaction will unlock extra locations and increase entry all through the Pacific area, continental United States and globally.
The deal is anticipated to generate excessive single digit earnings accretion for Alaska Airlines throughout the first two yr, it mentioned.
The mixed group might be based mostly in Seattle beneath the management of Alaska Airlines CEO Ben Minicucci.
