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Alaska and DOJ Made Agreement in Principle on Merger in October, Sources Say

The merger of Alaska (ALK) and Virgin America (VA) first received an indication of eventual approval by the Antitrust Division of the Justice Department in mid-October, when the parties reached an agreement in principle, sources said.

Under that agreement, the department continued to review aspects of the code-share agreement between Alaska and American (AAL) , but the possibility of divestitures of other assets such as gates or slots at congested airports was off the table, said two sources who were familiar with the negotiations and who asked that their names not be used.

After...


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