Alaska Air Group announces interim Honolulu leadership team to guide combination with Hawaiian Airlines
Rhea-AI Summary
Alaska Air Group has announced the interim Honolulu leadership team that will guide Hawaiian Airlines operations following the acquisition. Joe Sprague, current Alaska Airlines regional president of Hawai'i/Pacific, will become CEO of Hawaiian Airlines. The team includes several senior executives from Hawaiian Airlines with nearly 65 years of combined experience. This transition follows the regulatory clearance for Alaska Airlines to acquire Hawaiian Airlines, announced in December 2023.
The combined company aims to expand flight options throughout the Pacific region, U.S. continent, and globally. It will operate as one organization with two separate airline operations under two individual operating certificates until the FAA grants a single operating certificate. The merger is expected to strengthen competition, create job opportunities, and maintain commitments to local communities and environmental stewardship.
Positive
- Acquisition of Hawaiian Airlines by Alaska Air Group received final regulatory clearance
- Combined company expected to expand flight options and destinations for consumers
- Merger aims to create a stronger platform for growth and competition in the U.S.
- Transaction expected to generate long-term job opportunities for employees
- Interim leadership team includes experienced executives with 65 years of combined experience at Hawaiian Airlines
Negative
- Current Hawaiian Airlines CEO Peter Ingram to step down following transaction close
- Transition period with two separate airline operations may lead to temporary operational complexities
News Market Reaction 1 Alert
On the day this news was published, ALK declined 2.98%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Now that final clearance has been received from regulators, Alaska Airlines can close the transaction and shift focus to obtaining a single operating certificate from the Federal Aviation Administration (FAA). Until that time, Alaska Airlines and Hawaiian Airlines will operate as one organization with two separate airline operations, under two individual operating certificates. The interim
When the combination was announced, it was shared that Hawaiian Airlines President and CEO Peter Ingram would step down from his role following the transaction close. Current Alaska Airlines regional president of Hawai'i/Pacific, Joe Sprague, will be named chief executive officer of Hawaiian Airlines. In this role,
In addition to
- EVP, Administration – Shannon Okinaka
- SVP, Human Resources – Robin Kobayashi
- SVP, Tech Ops (Maintenance & Engineering, Flight Ops and System Operations Control Center) – Jim Landers
- VP, Airport Operations and In-Flight – Lokesh Amaranayaka
- Managing Director, Safety – Terry Hill
- Director, Brand and Culture – Alisa Onishi
Additionally, the current regional VP of Hawai'i for Alaska Airlines, Daniel Chun, will serve on the
Current Hawaiian operations leaders Bob Johnson (VP, Flight Operations), Beau Tatsumura (VP, Maintenance & Engineering) and Tom Zheng (VP, Technical Operations Business Planning & Services) will continue to report to Jim Landers during this period. Justin Doane, VP, Labor & People Relations, will continue to support Hawaiian labor relations.
"We have a unique, once-in-a-generation opportunity to combine two incredible companies with aligned values and 90+ year legacies of serving and connecting local communities. I am deeply honored to work alongside these strong leaders from Hawaiian Airlines to lead the airline's people, operations, and brand through this transition while sustaining our commitments to safety and service," said
In December 2023, Alaska Air Group, Inc. (NYSE: ALK), and Hawaiian Holdings, Inc. (NASDAQ: HA) announced they entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines. The combined company will unlock more destinations for consumers and expand choice of critical air service options and access throughout the Pacific region,
About Alaska Airlines
Alaska Airlines and our regional partners serve more than 128 destinations across
About Hawaiian Airlines
Now in its 95th year of continuous service, Hawaiian is Hawaiʻi's largest and longest-serving airline. Hawaiian offers approximately 150 daily flights within the Hawaiian Islands, and nonstop flights between Hawaiʻi and 16 U.S. gateway cities – more than any other airline – as well as service connecting Honolulu and American Samoa, Australia, Cook Islands, Japan, New Zealand, South Korea and Tahiti. Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com . Follow Hawaiian's Twitter updates ( @HawaiianAir ), become a fan on Facebook ( Hawaiian Airlines ), and follow us on Instagram ( hawaiianairlines ).
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SOURCE Alaska Air Group, Inc.