Alaska Airlines Parent to Buy Virgin America for $2.6 Billion in Cash

April 4, 2016 10:57 AM

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Alaska Airlines Parent to Buy Virgin America for $2.6 Billion in Cash

Alaska Air Group, the parent of Alaska Airlines, said on Monday that it had agreed to acquire Virgin America for $2.6 billion in cash.

The deal would unite two domestic carriers that are among the 10 largest in the United States, but that operate in a tier below the industry giants, American Airlines, Delta Air Lines and United Airlines. It would also expand Alaska Airlines’ presence in the lucrative California market, particularly...

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