The Biden administration is letting Alaska Airlines complete its $1 billion purchase of Hawaiian Airlines after the carriers agreed to certain conditions, including maintaining current service on routes between Hawaii and the mainland U.S. where they don’t have much competition.

The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.

Alaska Airlines completes acquisition of Hawaiian Airlines, leveraging Hawaiian's assets for growth in Asia and the South Pacific. Learn more on ALK stock here.

Alaska Airlines closed its $1 billion purchase of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle to the deal.

Things are about to change for Alaska and Hawaiian Airlines customers. On Wednesday, Alaska Airlines acquired Hawaiian Airlines in a historic merger. The acquisition is the largest merger between U.S.

Alaska Airlines announced it officially purchased Hawaiian Airlines for $1 billion. The announcement comes one day after the federal government removed the last major obstacle. The U.S. Department of Transportation said it would allow the deal on the condition that the carriers maintain the value of their frequent flyer programs and preserve several key routes.

The two airlines have closed the $1.9bn deal but will remain operationally separate until final government approvals are attained.