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Alaska Air buying Virgin America in deal worth more than $2B
Alaska Air Group Inc. is buying Virgin America in a deal worth more than $2 billion, creating a powerhouse airline with an expanded West Coast presence. (www.seattletimes.com) Altro...Sort type: [Top] [Newest]
I flew on Alaska once, and the plane was dirty and run down. From that perspective, I wish Alaska weren't taking on Virgin America. VX is going to lose what was great about it.
Except for inheriting the Virgin America Airbus fleet, this is a good fit for Alaska. VA is essentially an east-west airline while Alaska is for the most part North South. It would not appear Alaska would be forced to give up much although Jet Blue has a history of challenging for slots at slot restricted airports.
(Duplicate Squawk Submitted)
Alaska Air Group Acquires Virgin America, Creating West Coast's Premier Carrier
Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America, Inc. (NASDAQ: VA) today announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4.0 billion. With an expanded West Coast presence, a larger customer base, and an enhanced platform for growth, Alaska Airlines will be positioned to provide more choices for customers, increase competition and deliver attractive returns to investors.
http://splash.alaskasworld.com/Newsroom/ASNews/ASstories/AS_20160404_025411.asp
Alaska Air Group Acquires Virgin America, Creating West Coast's Premier Carrier
Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America, Inc. (NASDAQ: VA) today announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4.0 billion. With an expanded West Coast presence, a larger customer base, and an enhanced platform for growth, Alaska Airlines will be positioned to provide more choices for customers, increase competition and deliver attractive returns to investors.
http://splash.alaskasworld.com/Newsroom/ASNews/ASstories/AS_20160404_025411.asp
(Duplicate Squawk Submitted)
Alaska Airlines homes in on Virgin America
Alaska Airlines (AS, Seattle Tacoma Int'l) is close to signing a USD2.5 billion deal to acquire rival Virgin America (VX, San Francisco, CA) Reuters has reported quoting informed company sources.
http://www.ch-aviation.com/portal/news/45184-alaska-airlines-homes-in-on-virgin-america
Alaska Airlines homes in on Virgin America
Alaska Airlines (AS, Seattle Tacoma Int'l) is close to signing a USD2.5 billion deal to acquire rival Virgin America (VX, San Francisco, CA) Reuters has reported quoting informed company sources.
http://www.ch-aviation.com/portal/news/45184-alaska-airlines-homes-in-on-virgin-america
Wow
http://flyingbettertogether.com/