Virgin America and Alaska Air Extend Regulatory Review Period but Merger Still on Track

By Paul Riegler on 26 September 2016
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DSC_0828Alaska Air Group and Virgin America said Monday the two would delay their merger plans to allow the U.S. Department of Justice additional time to review their planned $2.6 billion deal.

Despite the delay, the merger is still on track to close in the early part of the fourth quarter, the airlines said.

The two carriers said they are “confident” that they will obtain regulatory approval, pointing out their “complementary networks” as well as the relative size of the combined airline compared to recent mergers in the airline industry.

The Seattle-based airline announced its $2.6 billion cash offer for Virgin America in April. The combined company will be the leading carrier on the West Coast if the merger is approved.

(Photo: Accura Media Group)

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