Alaska Air, Hawaiian further extend review period of proposed deal

Hawaiian Holdings

15/08/2024 12:35

Aug 15 (Reuters) - Alaska Air  ALK.N  said on Thursday
it has agreed to further extend the review period of its
proposed $1.9 billion acquisition of peer Hawaiian Holdings
 HA.O  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'  JBLU.O  planned $3.8 billion
acquisition of ultra-low-cost carrier Spirit Airlines  SAVE.N .

 (Reporting by Utkarsh Shetti in Bengaluru; Editing by Vijay
Kishore)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))