Alaska Air Group and Hawaiian Holdings have announced that Alaska Airlines will acquire shares of Hawaiian Airlines, leading to management integration.
The acquisition price per share is 18 US dollars, with the transaction being conducted in cash. The total is estimated to be around 1.9 billion US dollars. After the integration, both brands will be maintained.
Post-integration, the combined company will rank as the 5th largest airline in the United States with an annual passenger count of 54.7 million, a workforce of 31,200 employees, and an ownership of 365 aircraft. The airlines will serve 138 cities, and through the Oneworld network, they will provide access to over 1,200 cities. Honolulu will continue to serve as a key hub following the integration.
The acquisition has already been approved by the boards of directors of both companies. The next steps include regulatory approvals and the consent of the shareholders of Hawaiian Holdings. The acquisition is expected to be completed within 12 to 18 months. After the integration, the management team will be based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.
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