The Traderszone Network

Published in TZ Latest News 6 December, 2016 by The TZ Newswire Staff

Alaska Air/Virgin America Deal Gets Conditional OK

It’s clear skies ahead for the latest tie-up in the airline industry, but with an important caveat. The Department of Justice has approved the merger of Alaska Air Group (NYSE: ALK) and Virgin America (NASDAQ: VA) — as long as the former can “significantly reduce the scope” of its current codeshare agreement with peer American Airlines.