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When Alaska Airlines agreed with the Department of Justice (DOJ) to extend their review period, it indicated a potential government approval for the merger with Hawaiian Airlines. The extension reflects ongoing negotiations and suggests a deal may be imminent.
The DOJ had expressed concerns and sought concessions from Alaska Airlines. The likelihood of reaching an agreement was uncertain, as it could have been a last-minute effort by the airline to offer something substantial. The government, however, has the discretion to file suit to stop the deal at any time.
With an additional 24-hour extension granted, now until August 16th, there is a significant implication that both parties believe they are close to finalizing an agreement. However, it remains unclear what Alaska might need to concede to avoid an anti-trust lawsuit.
