Analyst Skeptical About Boeing Iran Air Agreement

Jun 21, 2016

It's been a rumor for months, but Tuesday Boeing has officially confirmed that it has signed a deal to sell jets to Iran. Boeing says the agreement with Iran Air "expresses the airline's intent" to buy its aircraft.

Alaska Airlines management is expressing confidence about integrating its rival Virgin America, whose pending acquisition was announced Monday. Any airline merger poses challenges and this one is no exception.

Alaska Air outbid rival JetBlue Airways to acquire Virgin America in what Alaska Air CEO Brad Tilden described as "a hard fought competition." Alaska Air won the bidding war with a $2.6 billion all-cash offer that was announced Monday.