Alaska Air Group and the US Department of Justice (DOJ) have agreed to terms that will allow for regulatory approval of Alaska’s $4 billion acquisition of Virgin America, which Alaska said it plans to close “in the very near future.” Seattle-based Alaska, parent of Alaska Airlines and Horizon Air, has agreed to reduce its codesharing relationship with American Airlines in order to alleviate DOJ’s antitrust concerns regarding the merger. But Alaska will not give up ...

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