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Alaska Air gets nod for Virgin America takeover

Thursday, December 8, 2016 - 05:50

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Alaska Air's US$2.6 billion cash agreement to buy Virgin America, announced in April, adds to the string of mergers that have shrunk the number of carriers in the US airline industry since 2005.

Washington

ALASKA Air Group Inc won US antitrust approval for its acquisition of Virgin America Inc, a takeover that extends years of consolidation in the industry and expands Alaska Air's access to the lucrative cross-country market.

Under an agreement with the Justice Department

sentifi.com

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