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Alaska Air, Hawaiian Advance $1.9 Billion Merger After Clearing DOJ Hurdle on Aug. 16

Aug 20, 2024, 05:12 AM

Alaska Air Group and Hawaiian Holdings have moved closer to finalizing their $1.9 billion merger after the U.S. Department of Justice (DOJ) decided not to challenge the deal. The review period for the DOJ's investigation ended on August 16 at 12:01 AM ET, allowing the merger to proceed to the next stage. The merger, which has cleared the DOJ hurdle, still requires approval from the U.S. Department of Transportation. The decision has led to increased confidence among traders, reflected in the fluctuating stock prices of Hawaiian Holdings. The merger aims to consolidate operations between Alaska Airlines and Hawaiian Airlines, creating a more competitive entity in the airline industry.