Summary by Futu AI
Alaska Air Group, Inc. (Alaska) has announced the completion of a merger agreement with Hawaiian Holdings, Inc. (Hawaiian) on December 2, 2023. The merger involves Alaska's wholly owned subsidiary, Marlin Acquisition Corp. (Merger Sub), merging with Hawaiian, resulting in Hawaiian becoming a subsidiary of Alaska. The companies had previously complied with a Second Request for information from the DOJ on May 7, 2024, initiating a Review Period as per a timing agreement with the DOJ. Despite multiple extensions, the Review Period concluded on August 20, 2024. The merger's finalization is pending approval from the U.S. Department of Transportation (DOT), with both airlines actively cooperating with the DOT. The report was officially signed by Kyle B. Levine, Senior Vice President, Legal, General Counsel, and Corporate Secretary of Alaska Air Group, Inc.