Alaska Air buys heavily indebted Hawaiian Airlines for nearly $2 billion

by alex

The deal has already been approved

Alaska Air Group, the fifth largest US airline, is buying Hawaiian Airlines from Hawaiian Holdings, as reported by Interfax, citing a press release from the purchasing company.

In the all-cash deal, Alaska Air will pay $18 per share to Hawaiian Airlines, while the Hawaiian Airlines brand will remain in existence.

Alaska Air покупает Hawaiian Airlines с долгами почти за 2 млрд долларов

The boards of directors of Alaska Air Group and Hawaiian Holdings have already approved the transaction, which will be closed within a year and a half.

Hawaiian Airlines' net debt is about $900 million.

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