Alaska Air Group.

• Author: Anderson, Tasha
• Position: Inside Alaska Business

Alaska Air Group, Inc., parent company of Alaska Airlines, and Virgin America, Inc. announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4 billion. With...