Airlines
Alaska Air Group-Virgin America Merger Passes Antitrust Review
Companies expect to close transaction by January 1
An Alaska Airlines Boeing 737-700 taxis at Los Angeles International Airport. (Photo: Flickr: Creative Commons (BY-SA) by InSapphoWeTrust)
An Alaska Airlines Boeing 737-700 taxis at Los Angeles International Airport. (Photo: Flickr: Creative Commons (BY-SA) by InSapphoWeTrust)

The U.S. Department of Justice (DOJ) cleared Alaska Air Group’s proposed acquisition of Virgin America, Alaska announced Tuesday. The deal, announced in April, involves a $2.6 billion cash transaction and another $1.4 billion worth of Virgin America indebtedness and capitalized aircraft leases. At the time, the sides said they planned to close the deal by January 1 and merge their respective operating certificates in the first quarter of 2018.