|
Alaska and Hawaiian agreed with the U.S. Department of Justice
(DOJ) to extend the review period to until 12:01 AM ET on Aug.
16, the Seattle, Washington-based carrier disclosed in a filing.
Last month, the airlines said the review period was extended to
12:01 AM ET, Aug. 15.
The deal was announced last year and the carriers said in March
they "have been working cooperatively with the DOJ and expect to
continue to do so".
The shortage of new aircraft worldwide has made airlines turn to
mergers and acquisitions to expand capacity and market share.
The deal would give Alaska Air control of more than half of the
market for flights to Hawaii, one of the world's top holiday
destinations.
However, such deals have faced tough scrutiny from regulators.
Earlier this year, a federal judge blocked JetBlue Airways'
planned $3.8 billion acquisition of ultra-low-cost carrier
Spirit Airlines.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj
Kalluvila)
[© 2024 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
