NewYork, April 4: Alaska Air Group Inc (ALK.N) has declared to buy the Virgin America Inc (VA.O) airlines company at $2.6 billion today. And with this new state of business, Alaska Air Group have become the highest rated carrier on the U.S. West Coast.
According to the source, the Alaska Air Chief Executive Officer Brad Tilden have brought good moves by purchasing the Virgin America In for making in the top 5 US largest Airline companies. In the deals, there are also other competitors like JetBlue Airways Corp (JBLU.O) and have offered a good price for the company but at last, the company goes to the Alaska Air.
While the owner of both the airline companies claimed that this will be an integrated deal for both the companies as they seek for the benefits and growing of their business.
Reports also tell that Chief Executive Officer Brad Tilden conveys buying the California-based Virgin America expand the connectivity of cities like from Los Angeles and San Francisco which is going to be very good for the business purpose too.
Alaska Air also tells that they would join all the 10 destinations of San Francisco once the company is fully set. And regarding the bet shares and income of the company is somewhat expected to reach up to $225 million annually but once the company completely merged; the integrated company can expect for net income of $300-$350 million per annum.
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