BREAKING NEWS

Alaska wins antitrust approval for Virgin deal with condition

By REUTERS

DECEMBER 6, 2016 22:14

Alaska Air Group Inc has won US antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc, the Justice Department said on Tuesday.

Under the settlement, Alaska and American would be banned from code-sharing on routes where Virgin and American now compete, among others, the department said.

Alaska said in a statement that it was pleased with the approval and plans to close the purchase "in the very near future." Alaska, which paid a premium of about 86 percent for Virgin, pursued the deal to better compete against Delta Air Lines Inc and American, the company has said.

DM Katz to promote construction of fence on Israel-Jordan border

By JERUSALEM POST STAFF

11/25/2024 07:44 PM

Rabbi Zvi Kogan's funeral began in Kfar Chabad, Jerusalem

By JERUSALEM POST STAFF

11/25/2024 07:25 PM

Manhattan's top federal prosecutor to resign ahead of Trump inauguration

By REUTERS

11/25/2024 06:44 PM

Home Front Command updates guidelines

By JERUSALEM POST STAFF

11/25/2024 06:12 PM