Summary by Futu AI
Alaska Air Group and Hawaiian Holdings have agreed with the Department of Justice (DOJ) to further extend the merger review period until August 16, 2024, at 12:01 a.m. Eastern Time. This follows a previous extension from August 5 to August 15, 2024.The review period stems from the merger agreement signed on December 2, 2023, where Alaska Air agreed to acquire Hawaiian Holdings through its subsidiary Marlin Acquisition Corp. Both companies certified substantial compliance with the DOJ's Second Request for additional information on May 7, 2024, initiating a 90-day review period under a timing agreement dated March 27, 2024.Both airlines continue to cooperate with the DOJ throughout the review process. The merger, once approved, would result in Hawaiian Holdings becoming a wholly owned subsidiary of Alaska Air Group.