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Monday, April 4, 2016

Virgin America (VA) was acquired by Alaska Air Group (ALK) for $2.6 billion

Alaska Air Group (ALK) acquired Virgin America (VA), at a valuation of $2.6 billion, with additional expenses bringing the cost to approximately $4 billion.  With the transaction, Virgin America became a sister carrier to the other Alaska Air Group subsidiaries Alaska Airlines and Horizon Air.

     

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