Alaska Air: It would boost the size of Alaska Air home market by allowing it to expand into lucrative hubs such as San Francisco and Los Angeles, according to Euro News. Alaska Air is set to pay between $56 and $58 per share to acquire Virgin America, the people said. The acquisition would herald the first U.S. commercial airline merger since US Airways and American Airlines combined in 2013 to form the world largest carrier. A deal could be announced as early as Monday, the people added, asking not to be identified because the agreement had not yet been finalised. Burlingame, California-based Virgin America went public in the U.S. stock market in 2014 as an offshoot of billionaire Richard Branson London-based Virgin Group. Alaska Air, Virgin America and Jet Blue did not respond to requests for comment.
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