Summary by Futu AI
Alaska Air Group, Inc. (Alaska) has announced that on May 7, 2024, it certified substantial compliance with the Second Request from the Department of Justice (DOJ) regarding its merger with Hawaiian Holdings, Inc. (Hawaiian). This certification marks the commencement of a 90-day waiting period, which is part of a timing agreement with the DOJ, ending on August 5, 2024. The merger, initially announced on December 2, 2023, involves Alaska's subsidiary, Marlin Acquisition Corp., merging with Hawaiian, with the latter surviving as a wholly owned subsidiary of Alaska. The completion of the merger is subject to regulatory approvals, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Alaska and Hawaiian have been working cooperatively with the DOJ and will continue to do so during this period.