US Department of Justice (DOJ) antitrust division has completed its review and approved Alaska Air Group´s (NYSE: ALK) acquisition of Virgin America (NASDAQ: VA), the company said.
Alaska said it agreed to implement limited changes to its codeshare agreement with American Airlines. The majority of Alaska and American codeshare flights will remain intact. The DOJ did not require changes to any other agreements between Alaska and American, including interline or reciprocal loyalty agreements or any of Alaska´s other airline partnerships.
Alaska Air Group is the parent company of Alaska Airlines, Inc. and Horizon Air Industries, Inc. 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.