Alaska-Virgin America Merger Moves Forward with Approval from Virgin Shareholders

By Paul Riegler on 26 July 2016
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DSC_0305 2As expected, shareholders of Virgin America voted Tuesday to approve the airline’s merger with Alaska Air Group, the parent of Alaska Airlines.

Alaska expects the merger to close in the fourth quarter but it says it has not yet decided how it might incorporate Virgin America’s brand into the combined entity, or whether the Virgin America brand will simply disappear.

The company said that the move was approved by the majority of outstanding shares of Virgin America voting common stock.

Earlier in July, Alaska named a post-merger management team for Virgin America.

Both Alaska and JetBlue made offers to acquire Virgin America. The $2.6 billion deal with Alaska was announced on April 4.

(Photo: Accura Media Group)

Accura News

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