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US: Airline merger passes penultimate hurdle

By  |  July 27, 2016

The chairman of Virgin America announced on July 26 that stockholders in Virgin America approved the acquisition of their airline by Alaska Airlines.

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    The vote cleared the next-to-last major hurdle for the airline takeover with only U.S. Justice Department approval remaining.

    In April, Seattle-based Alaska Air beat out competitors in a bidding war for its smaller, San Francisco-based rival with an offer of $2.6 billion.

    Alaska Airlines and Virgin America’s leaders both say they expect the deal to close by the end of this year.

    Full Content: Courthouse News Service

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