Alaska Airlines announced on Sunday that it has made a deal to buy Hawaiian Airlines for $1.9 billion. The deal, which is forecast to take nine to 18 months, will see both companies keep their brands, a unique decision that Alaska Airlines CEO Ben Minicucci and Hawaiian Airlines CEO and President Peter Ingram say was made out of respect for the nearly hundred-year legacy of both airlines. The combined organization will be based in Seattle under the leadership of Minicucci.
Minicucci said at a news conference: “this is a fantastic deal that bring two airlines that have amazing loyalties in our regions together,” and added that the merger will give customers expanded domestic and international choices. Said Minicucci: “this combination is an exciting next step in our collective journey to provide a better travel experience for our guests and expand options for West Coast and Hawai’i travelers.”
Said Ingram: “In Alaska Airlines, we are joining an airline that has long served Hawai‘i, and has a complementary network and a shared culture of service With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand.”
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