On Wednesday, Alaska Airlines announced that it has completed the acquisition of Virgin America for $2.6 billion.
However, it is believed the total value of the deal, including Virgin’s debt and aircraft-leasing obligations, could reach $4 billion.
“Alaska Airlines and Virgin America are different airlines, but we believe different works – and we’re confident fliers will agree,” Alaska Air Group CEO Brad Tilden said in a statement. “The two airlines may look different, but our core customer and employee focus is very much the same.”
Together, the newly merged carrier will form the fifth largest airline in the US with 40 read more >>>
Source : BusinessInsider.Com