Alaska Airlines has announced its plans to merge with Hawaiian Airlines in a deal worth $1.9 billion. The acquisition includes Hawaiian Airlines' net debt of $900 million. Both companies emphasized that the merger would enhance the travel experience for passengers on the West Coast and throughout the Hawaiian Islands while maintaining their individual brands.
Alaska Airlines CEO Ben Minicucci expressed excitement about the merger, stating that it represents a significant step in providing a better travel experience and expanding options for travelers. He also praised Hawaiian Airlines for its role as a top employer in Hawaii and its reputation for carrying the warm culture of aloha worldwide.
Peter Ingram, President and CEO of Hawaiian Airlines, echoed Minicucci's sentiments, highlighting the long-standing presence of Hawaiian Airlines in Hawaii since 1929. He emphasized the benefits that the merger would bring to guests, employees, and the communities they serve.
The combined airline is expected to establish Honolulu as a key hub, offering expanded services for Hawaii residents to the continental U.S. and creating new connections to Asia and the Pacific for travelers across the country.
The deal is subject to approval by Hawaiian Airlines shareholders and is estimated to be finalized within the next 12 to 18 months.
In other news, Boeing has been eliminated from the Air Force's 'Doomsday Plane' competition. The decision comes after Alaska Airlines' recent success and growth in the aviation industry. Alaska Airlines has long served Hawaii and has a compatible network and shared culture of service, making it an appealing choice for the merger.
Overall, this merger between Alaska Airlines and Hawaiian Airlines is expected to bring expanded benefits and travel options to passengers on the West Coast and in Hawaii. It also highlights the growth and success of Alaska Airlines in the aviation industry.