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DOJ Clears Alaska Air's Purchase of Virgin America

The Department of Justice Tuesday approved Alaska Air Group's (ALK) $4 billion acquisition of Virgin America (VA) .

As a condition of approval, Alaska Air must significantly reduce the scope of its codeshare agreement with American Airlines (AAL) .

The merger of Alaska and Virgin would combine the nation's sixth- and ninth-largest airlines, respectively, to create the fifth-largest U.S. carrier.

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