An off-duty Alaska Airlines pilot accused of trying to disable a jet's engines during an October flight was indicted by a grand jury, a district attorney said on Tuesday. The Multnomah County, Oregon grand jury charged Joseph Emerson with one count of endangering an aircraft and 83 other counts of recklessly endangering another person but decided on Monday that Joseph Emerson did not attempt to injure anyone, and therefore declined to charge him with the 83 counts of attempted murder originally sought by the state, the pilot's lawyer said in a statement. Emerson, who was riding as a standby employee passenger in the cockpit "jump seat" of the Oct. 22 Horizon Air flight, en route from Everett, Washington, to San Francisco, when the airborne altercation occurred, authorities said.
Alaska Air Holdings (ALK) is buying Hawaiian Air (HA) in a deal valued at $1.9 billion. But with the Biden administration highly scrutinizing deals, there are concerns about the deal's approval. Noah Phillips, Cravath, Swaine & Moore Partner, joins Yahoo Finance to give insight into the potential uphill battle that Alaska Air may face and what the company could do to deal with a stoic DOJ. Phillips offers advice with what companies could do in this situation: "The best thing that companies can do is muster the facts at hand to show that they really don't compete very much and that the merger of the two companies wouldn't eliminate competition that meaningfully would affect the impact that we all feel as consumers when we fly on airlines everyday." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.