Summary by Moomoo AI
On February 16, 2024, Hawaiian Holdings, Inc. (NASDAQ: HA), known as Hawaiian, announced that its stockholders approved a merger agreement with Alaska Air Group, Inc. (NYSE: ALK), referred to as Alaska. The approval came as a result of a special meeting of stockholders where a substantial majority voted in favor of the merger. The merger will result in Hawaiian becoming a wholly owned subsidiary of Alaska. The special meeting followed Hawaiian's entry into the Merger Agreement on December 2, 2023. The definitive proxy statement for the meeting was filed on January 9, 2024. The transaction is still subject to regulatory approvals and customary closing conditions, with an expected completion timeframe of 12 to 18 months from the announcement date. Hawaiian Airlines, celebrating its 95th year, is the largest and longest-serving airline in Hawaii, offering extensive flight services within the Hawaiian Islands and to various international destinations.