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'The Premier Airline On The West Coast': Virgin America Approves Merger With Alaska Airlines

Virgin America Inc (NASDAQ: VA) and Alaska Airlines (Alaska Air Group, Inc. (NYSE: ALK)) have officially teamed up to create the "Premier Airline for West Coast travelers."

Virgin America shareholders announced Tuesday that they have approved the merger after a vote to approve the merger agreement with Alaska Airlines. Initially announced on April 4, 2016, the deal has now been approved by Virgin America shareholders and is expected to be completed in Q4 of 2016.

Related Link: Alaska Air Q2 Adjusted EPS Rises 20.5%

Alaska Air Group, the parent company of Alaska Airlines will have a Virgin America subsidiary, and has already named CFO Peter Hunt as the president of its Virgin America segment.

The airlines will aim to obtain a single operating certificate from the FAA, expected in 2018.

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