Alaska Air's planned purchase of Virgin America hits more turbulence
November 08, 2016 at 17:32 PM EST
Alaska Air Group is encountering more turbulence in its $4 billion acquisition of Virgin America, but the smaller carrier's shares moved higher this week amid reports that regulatory approval is near. Word has it that a new plane featuring the two airlines' colors and logos sits parked in a hangar as the deal's closing keeps getting delayed.