{{ location.label }}
{{ location.label }}
Where are you flying from?
Where are you flying to?
When are you leaving?
Wow, you love travelling! Unfortunately we can only deal with up to 10 airports at a time...
Please choose a date in the future. When we offer time travel we’ll let you know.
Time traveller, eh? Please make sure your return date is after your departure date.
We can only deal with flights within the next 12 months, you’re way more organised than us.
Search to anywhere cannot be combined with specific dates.

Southwest Airlines to buy AirTran

Back to news

Fotolia_20835796_XS.jpg

Low cost airline AirTran Airways announced that it has entered into a definitive merger agreement to be acquired by Southwest Airlines in a transaction currently valued at more than $1.37 billion.

Based on Southwest Airlines' closing share price as of September 24, 2010, the value of the merger consideration would be $7.69 per AirTran share. This represents a 69 percent premium over the September 24, 2010, closing price of AirTran stock.

The acquisition of AirTran Airways by Southwest Airlines will bring together two popular companies and create one even stronger low-cost carrier. The two airlines currently serve 106 communities from coast-to-coast, Mexico and the Caribbean, with 685 Boeings and nearly 43 000 employees.

Source: airtran.com

Comments

× There are no comments on this article yet. Be the first!

Add your comment





Do you like WhichAirline.com?

Before you leave...

Do you find WhichAirline.com useful? Nine out of ten of your friends would too. Spread the word, share the love!