Alaska Airlines and Hawaiian Airlines announced this morning that the former will acquire the latter for $1.9B USD. Part of the agreement is that both airlines will operate as separate entities. It will be similar to how IAG operates British Airways and Iberia, or the AirFrance / KLM conglomerate, or locally, the the Southern Airways / Mokulele operation. Of all the Hawai‘i - west coast routes that the two airlines, there are only 12 that need to be consolidated. The acquisition will need approval by federal agencies.