Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America Inc. (NASDAQ: VA) have agreed with the antitrust division of the United States Department of Justice (DOJ) to extend the date of their timing agreement, stating the parties will not consummate the acquisition prior to Oct. 17, the companies said.
The two airlines said they expect to address any concerns and obtain regulatory approval to complete their pro-competition, pro-consumer transaction.
Alaska Airlines, together with its regional partners, flies 32 million customers a year to more than 110 cities with an average of 970 daily flights throughout the United States, Canada, Costa Rica, Mexico and soon Cuba.
Virgin America Inc. (NASDAQ: VA) is a United States-based airline that began service on August 8, 2007. San Francisco International Airport is Virgin America´s main hub, but the airline also has focus city hubs at Los Angeles International Airport and Dallas Love Field.