Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America, Inc. (NASDAQ: VA) have received a request for additional information from the antitrust division of the United States Department of Justice (DOJ) in connection with Alaska´s proposed acquisition of Virgin America, the company said.
Alaska and Virgin America have been cooperating fully with regulators since the announcement of the proposed acquisition. A second request, which is a standard part of the DOJ review process, extends the period that the parties must wait to close the transaction, until 30 days after Alaska and Virgin America have complied with the information request.
Alaska and Virgin America say they will respond promptly and are confident they will obtain regulatory approval and complete their pro-competitive and pro-consumer transaction no later than January 1, 2017.
The proposed acquisition is also subject to approval of Virgin America´s shareholders in addition to the satisfaction of other customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Act.
Alaska Airlines, together with its partner regional airlines, serves more than 100 cities through an expansive network in the United States, Canada, Costa Rica and Mexico.