POST Online Media Lite Edition



 

Alaska Air Group and Virgin America extend regulatory review of merger

Staff Writer |
Alaska Air Group and Virgin America has agreed with the Antitrust Division of the United States Department of Justice (DOJ) to extend the date of their timing agreement.

Article continues below






The parties will not consummate the acquisition prior to October 17, unless the DOJ provides written concurrence to close within a shorter period. The parties previously agreed to not close the merger before September 30. The extension gives the DOJ additional time to review the proposed merger.

The two airlines are confident they will address any concerns and obtain regulatory approval to complete their pro-competition, pro-consumer transaction.

Given the airlines’ largely complementary networks, the relative size of this merger compared to past airline combinations, and both Virgin America and Alaska’s emphasis on customer service, the airlines are also confident the DOJ will agree this merger will provide consumers more choices and lower fares.

That would also allow for more robust competition against the Big Four airlines, which control 84 percent of the domestic market.


What to read next

Alaska Air Group cleared by DOJ to acquire Virgin America
Alaska Airlines to drop Virgin America brand in 2019
Virgin America computer systems hacked