Hawaiian Holdings has announced that its merger with the Alaska Air Group was approved at a special shareholders meeting.
At the special shareholders meeting held on February 16th, a majority of Hawaiian Holdings’ shareholders approved the merger. The final voting results will be reported to the United States Securities and Exchange Commission.
Peter Ingram, President and CEO of Hawaiian Airlines, said, “The shareholders’ approval of the transaction with Alaska Airlines marks an important milestone towards the integration of the airlines. Together, we will intensify competition in the American aviation industry, provide more value to our customers and the communities we serve, and offer more employment opportunities to our employees.”
The acquisition of Hawaiian Holdings by the Alaska Air Group was announced on December 3, 2023. The transaction price is approximately 1.9 billion US dollars, including the assumption of 900 million US dollars in debt. The acquisition price per share is 18 US dollars, with the transaction expected to take 12 to 18 months to complete.
