M&A Deal Summary

Alaska Air Group Acquires Virgin America

On April 4, 2016, Alaska Air Group acquired airliner Virgin America for 4.0B USD

Acquisition Highlights
  • This is Alaska Air Group’s 2nd transaction in the Airlines sector.
  • This is Alaska Air Group’s largest (disclosed) transaction.
  • This is Alaska Air Group’s 4th transaction in the United States.
  • This is Alaska Air Group’s 1st transaction in California.

M&A Deal Summary
Date 2016-04-04
Target Virgin America
Sector Airlines
Buyer(s) Alaska Air Group
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Evercore Group (Financial)
Latham & Watkins
O'Melveny & Myers (Legal)

Target

Virgin America

Burlingame, California, United States
Virgin America, Inc. is a domestic airline serving the United States. Virgin America's fleet of 60 Airbus A319 and A320 aircraft have three classes of service, in-flight WiFi and power outlets on every flight, as well as personal, touch-screen seatback entertainment. The airline was established in 2004.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Alaska Air Group

Seattle, Washington, United States
Category Company
Founded 1932
Sector Airlines
Employees23,013
Revenue 10.4B USD (2023)
DESCRIPTION
Entrance to Alaska Airlines' corporate headquarters in Seattle, Washington.
Entrance to Alaska Airlines' corporate headquarters in Seattle, Washington.

Alaska Air Group is an airline operator, consists of Alaska Airlines, Virgin America, and Horizon Air which collectively serves more than 100 cities across US, Canada, and Mexico. Alaska Air was incorporated in 1932 and is headquartered in Seattle, Washington.

DEAL STATS #
Overall 4 of 5
Sector (Airlines) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1986-01-01 Horizon Air Industries

Seattle,, Washington, United States

Horizon Air Industries, Inc.the airline operated two aircraft and served three destinations in Washington state. Today it flies 48 aircraft on behalf of Alaska Airlines and serves 39 cities in the western United States, Canada and Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-03 Hawaiian Airlines

Honolulu, Hawaii, United States

Hawaiian Airlines is an airline company that offers approximately 150 daily flights within the Hawaiian Islands, and nonstop flights between Hawaiʻi and 15 U.S. gateway cities. Hawaiian Airlines is based in Honolulu, Hawaii.

Buy $1.9B
Mergr

Product

Company

Legal