Yesterday, it was revealed that the stockholders of Hawaiian Airlines have approved the proposed merger plans with Alaska Airlines.
This step doesn’t finalise the merger, as the two sides will now head into the regulatory side of the consolidation.
Without further ado, let’s get into it…
Hawaiian Stockholders Approve Alaska Airlines Merger…
It is understood that a “substantial majority” of the Hawaiian Airlines stockholders approved the proposed merger with Alaska Airlines.
President and CEO Peter Ingram had this to say on the results of the vote:
“Stockholder approval of our transaction with Alaska is an important milestone toward combining our airlines”.
“Together, we will bring stronger competition to the U.S. airline industry, deliver more value to our guests and the communities that we serve, and provide greater job opportunities for our employees.”
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What Next?: Regulatory Scrutiny & Decision…
Next steps on the Hawaiian Airlines and Alaska Airlines side will be to ensure everything is in order for the merger before the scrutiny from regulators will take place.
At this stage, it is unclear what the mood will be with the authorities over this merger, especially following the news regarding JetBlue & Spirit Airlines in the last few months.
Following a judge blocking the proposed merger, appeals will now take place in the court, with all eyes on how this will go moving forward.
If the appeal is won, then it could provide an element of confidence for Alaska Airlines and Hawaiian in getting their consolidation over the line.
However, with the hard line stance that the Biden Administration is taking over airline mergers, all eyes will be on how this will go moving forward.
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