10:01 AM EDT, 09/18/2024 (MT Newswires) -- Alaska Air Group ( ALK ) said Wednesday it has completed its $1.9 billion acquisition of Hawaiian Holdings ( HA ) .

Alaska Air ( ALK ) said it plans to work towards a single operating certificate for both subsidiaries, Alaska Airlines and Hawaiian Airlines, with the Federal Aviation Administration but will maintain separate brands and operations in the meantime.

Alaska Air ( ALK ) said Joe Sprague, previously its regional president of Hawaii and Pacific, will serve as CEO of Hawaiian Airlines until the FAA grants a single operating certificate.

The acquisition is expected to generate $235 million in synergies and high single-digit earnings accretion within the first two years, Alaska Air ( ALK ) said.