Alaska to buy Hawaiian

In a surprise announcement, Alaska Airlines has announced its intention to purchase Hawaiian Airlines in a deal worth $1.9bn. Alaska Air Group will pay $18 in cash per share to Hawaiian Holdings, taking on the Honolulu carrier’s $900m debt. The deal has been approved by the management boards of both carriers and Hawaiian’s shareholders are expected to vote on the agreement in the first quarter of 2024. The two airlines plan to have the transaction completed within 12 to 18