Alaska Air Group cited gaining a strong foothold in California as the primary driver in its proposed $4 billion acquisition of San Francisco-based Virgin America, which the Seattle-based carrier said gives it the opportunity to become the leading domestic-services airline on the US West Coast. The merger deal, announced April 4 and still needing regulatory approval, calls for Alaska to buy Virgin America for $57 per share, or $2.6 billion. Alaska, parent of Alaska Airlines and Horizon ...

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