Summary by Moomoo AI
Hawaiian Holdings, Inc. (Hawaiian) and Alaska Air Group, Inc. (Alaska) have both certified substantial compliance with the Second Request from the Department of Justice (DOJ) regarding their merger plans, as of May 7, 2024. This certification marks the beginning of a 90-day waiting period, which is part of a timing agreement with the DOJ, ending on August 5, 2024. The merger, initially announced on December 2, 2023, involves Alaska's subsidiary, Marlin Acquisition Corp., merging with and into Hawaiian, with Hawaiian surviving as a wholly owned subsidiary of Alaska. The completion of the merger is subject to certain conditions, including the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other regulatory approvals. Hawaiian and Alaska are continuing to work cooperatively with the DOJ throughout this process.