Justice Department gets more time to study Alaska Air, Virgin America merger
Alaska Air Group said Friday that it agreed to give the US Justice Department “some additional time” to complete its antitrust review of the carrier’s planned merger with Virgin America Inc. But the carrier also said it is “confident” it will address any regulatory concerns and is “sticking to our timeline of closing” early in Q4. The parent of Alaska Airlines declined to say how much more time. Alaska in early April announced a US$2.6b offer to acquire Virgin America. The two carriers in mid-May received a request for more information about the deal from federal antitrust regulators. As part of that commonplace “second request” for information, the two airlines agreed not to close their deal before Sept 30. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-26/unaligned/justice-department-gets-more-time-to-study-alaska-air-virgin-america-merger
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Justice Department gets more time to study Alaska Air, Virgin America merger
Alaska Air Group said Friday that it agreed to give the US Justice Department “some additional time” to complete its antitrust review of the carrier’s planned merger with Virgin America Inc. But the carrier also said it is “confident” it will address any regulatory concerns and is “sticking to our timeline of closing” early in Q4. The parent of Alaska Airlines declined to say how much more time. Alaska in early April announced a US$2.6b offer to acquire Virgin America. The two carriers in mid-May received a request for more information about the deal from federal antitrust regulators. As part of that commonplace “second request” for information, the two airlines agreed not to close their deal before Sept 30. <br/>
