On December 3, 2023, Alaska Airlines and Hawaiian Airlines announced that they had entered into a definitive agreement pursuant to which Alaska Airlines will acquire the holding company of Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Hawaiian Airlines on the transaction.

The deal is expected to close in 12-18 months, subject to approval of Hawaiian Airlines' shareholders and regulatory clearances.

This combination will build on the 90+ year legacies and cultures of these two service-oriented airlines, preserve both beloved brands on a single operating platform, and protect and grow union-represented jobs and economic development opportunities in Hawai‘i, with a combined network that will provide more options and added international connectivity for travelers through airline partners, including the oneworld Alliance.

The Wilson Sonsini team that advised Hawaiian Airlines on the transaction includes:

Corporate and M&A
Tony Jeffries
Marty Korman
Doug Schnell
Amanda Urquiza
Remi Korenblit
Ross Tanaka
Andrew Collins
Elia Perez Villamarin
Kaleigh Hawkins-Schulz
Zack Lenox
Tyler Kivley
Robert Gunn

Antitrust and Competition
Beau Buffier
Brendan Coffman
Robin Crauthers
Evan Moore
Rose Reinacher

Technology Transactions
Christopher Paniewski
Sean Withall
Atussa Simon
Patrick Messenger
Isabel Annino
Jon-Paul Berexa
Emily Chan
Graham Hendrick
Stephanie Stark

Employee Benefits and Compensation
Dave Thomas
Gregory Hughes

Privacy and Cybersecurity
Matt Staples
Michael O’Brien
Dantam Le

Tax
Greg Broome
Anthony Yanez

Employment
Marina Tsatalis
Alison Renner
Neil Gulyako

Real Estate
Susan Reinstra
Sean Wilkinson
Emmalee McCarthy

Environmental
Martin Sul

Corporate Finance
Kathleen Rothman
Michael Rosati
Alex Weber
Nick Wilson

Regulatory
Joshua Gruenspecht
Josephine Aiello LeBeau
Seth Cowell

Delaware Law
Amy Simmerman
James Griffin-Stanco
Angie Flaherty
Brian Currie

For more information, please see Hawaiian Airlines’ news release. Additional coverage can be found in The Wall Street Journal, Bloomberg, The New York Times, and Reuters.