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Alaska Air sees acquisition of Virgin America as key to US West Coast

Wednesday, April 6, 2016 - 05:50

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Alaska Air has cleaned up its financial health. It has an investment- grade credit rating and has over US$1.3b in cash on its balance sheet.

New York

IN agreeing to buy Virgin America for US$2.6 billion, Alaska Air Group is betting that the airline industry is so consolidated after years of mergers that what it needs is another takeover.

The acquisition of Virgin America, the sleek but embattled young airline that

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