COMMISSION
AGENDA MEMORANDUM
ACTION ITEM

Item No.
Date of Meeting

8i
November 17, 2026

DATE :

October 12, 2026

TO:

Stephen P. Metruck, Executive Director

FROM:

Jason Johnson, Assistant Director Airline Affairs & Aviation Properties
Blaine Burk, AV Real Estate & Portfolio Manager III

SUBJECT: Early termination of the 2025-2034 Signatory Lease and Operating Agreement with
Hawaiian Airlines
ACTION REQUESTED
Request Commission authorization for the Executive Director (i) to terminate the Port's 20252034 Signatory Lease and Operating Agreement ("SLOA") with Hawaiian Airlines, Inc. ("HA") and
(ii) to enter into a Consolidation Permit with HA and Alaska Airlines, Inc. ("AS") in connection with
the corporate consolidation between AS and HA.
EXECUTIVE SUMMARY
Pursuant to a corporate merger transaction effective September 19, 2024, HA became a wholly
owned subsidiary of Alaska Air Group, Inc. ("Group"), the parent company of AS. Accordingly, HA
and AS are now each wholly owned subsidiaries of Group, have received a Single Operating
Certificate ("SOC") from the Federal Aviation Administration ("FAA") effective October 29, 2025,
and have substantially consolidated their operations at SEA through the AS corporate entity and
brand.
JUSTIFICATION
With the merger transaction and corporate consolidation of AS and HA, and the FAA's issuance
of a SOC to the combination of AS and HA it makes sense to terminate the HA SLOA and
incorporate the leased space under that agreement into the existing AS SLOA. However, because
certain limited aspects of the consolidated operations between AS and HA will continue to be
conducted through HA assets and personnel, it is necessary for AS and HA to enter into a
Consolidation Permit with the Port in order to formally memorialize any residual activities by HA
at the SEA.
DETAILS
With approval of this item, the HA SLOA will be terminated, effective December 31, 2026, and
the space under that agreement, will be incorporated into the existing AS SLOA.

Template revised January 10, 2019.

COMMISSION AGENDA - Action Item No. 8i
Meeting Date: November 17, 2026

Page 2 of 2

ALTERNATIVES AND IMPLICATIONS CONSIDERED
Given that both HA and AS were Signatory Airlines, early termination of the HA SLOA is the only
course of action that makes administrative sense. The revenue to the Port will remain unchanged
as a result of this action.
Pros:
(1)
(2)
Cons:
(1)

Acknowledges HA no longer exists as a standalone entity with its operational activities
substantially consolidated into AS' operations
Addresses any residual activity at SEA by HA utilizing assets and personnel still held by
that corporate entity
There are no cons to this alternative

This is the recommended alternative.
ATTACHMENTS TO THIS REQUEST
(1)

None

PREVIOUS COMMISSION ACTIONS OR BRIEFINGS
December 10, 2024 - The Commission authorized execution of 2025-2034 Signatory Lease
and Operating Agreements with various Airlines

Template revised June 27, 2019 (Diversity in Contracting).