Alaska Airlines To Pay $1.9 Billion To Acquire Hawaiian Airlines

FILE - In this Monday, April 4, 2016, file photo, Alaska Airlines planes with the company's new livery and tail logo, left, and the old livery used to promote service to Hawaii, right, are shown parked at Seattle-Tacoma International Airport in Seattle. Alaska Airlines slipped past rival Hawaiian Airlines to post the best on-time rating for U.S. carriers in July 2016, the Department of Transportation said Tuesday, Sept. 13. (AP Photo/Ted S. Warren, File)
  • Alaska Airlines announced Sunday the commercial passenger carrier will merge with Hawaiian Airlines after acquiring the company in a $1.9 billion deal.
  • “We have a longstanding and deep respect for Hawaiian Airlines, for their role as a top employer in Hawai’i, and for how their brand and people carry the warm culture of aloha around the globe,”  said Ben Minicucci, Alaska Airlines CEO.
  • The deal cover $900 million of Hawaiian Airlines net debt.