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The U.S. Department of Justice will not challenge the proposed acquisition of Hawaiian Airlines by Alaska Airlines for $1.9 billion. The Conversation spoke to Reuben Miller, the executive editor of investor news service CTFN, to learn more.
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Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1.9 billion deal that the carriers say will create a company better able to serve travelers.
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The federal government has 10 days past the previous deadline of Aug. 5 to decide whether it will allow or oppose the merger of Alaska Airlines and Hawaiian Airlines.
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The DOJ said it would decide within 90 days of the two airlines declaring substantial compliance with the DOJ's second and presumably final document request. On Tuesday, both airlines did that in filings to the U.S. Securities and Exchange Commission, which effectively sets Aug. 5 as the deadline for the DOJ to decide on the merger.
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After waiting months to see specialists off-island, Moloka’i and Lāna’i residents say they often miss their appointments because of delayed or canceled flights. What's on the horizon to help? HPR's Catherine Cluett Pactol looks at possible solutions.
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The company held a blessing last week, where it unveiled the aircraft's name: "Kapuahi." The 300-seat plane was coined after the brightest star in the Taurus constellation, in hopes of being in "the same spirit and tradition of Hawaiian voyaging."
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The proposed merger, which also needs a federal sign-off, has already been approved by both companies' boards of directors.
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When it comes to the world of local business, there are big plans ahead for 2024. Several projects will get underway, but not everything will be finished by year's end. We get some details from Pacific Business News editor-in-chief A. Kam Napier.
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For many investors in the stock market, 2023 was a good year. The S&P 500 Index finished the year with a gain of 25%. But for some of Hawaiʻi's most widely-held stocks, the year was much more complicated. HPR's Bill Dorman looks at part of the year's local investor scorecard.
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The news of Alaska Airlines' plan to buy Hawaiian Airlines for $1.9 billion is starting to sink in — and customers aren't sure what to think. The sale, which will require federal regulatory approval, could be a year and a half away. Is it a good thing? Bad thing? How will it work in the short and long term? The Conversation's Catherine Cruz brought in executives from both airlines to learn the latest.