Alaska Airlines is acquiring West Coast-based airline Virgin America for $2.6 billion dollars – around $57 dollars per share.
According to a press release, including Virgin America’s indebtedness and capitalized aircraft operating leases, the total transaction value is worth around $4 billion.
The acquisition bolsters Alaska Airlines’ California presence.
Josh is the Statewide Morning News Reporter/Producer for Alaska Public Media | jedge (at) alaskapublic (dot) org | 907.550.8455 | About Josh
