CORRECTION: 2.6 Billion in cash, plus assumption of debt

So Alaska Air is purchasing Virgin America for 2.6 Billion in cash and assumption of debt.  Total is approximately 4 Billion.  A LOT of money.  I am thinking that some of this was defensive to make sure that Jet Blue did not get a west coast expansion.

I am really excited to see how the actual implementation takes place.  As a SEA flyer, I can't wait to see how my route options will evolve. 

Read the NYT article.