DALLAS (WKOW) -- Southwest Airlines is buying AirTran for about $1.4 billion.
The deal is worth approximately $3.4 billion including AirTran's debt. It will pay about $670 million with available cash.
The companies say the new Southwest-Airtran operation will operate from more than 100 different airports and serve more than 100 million customers.
Southwest Airlines Co. will get more exposure to existing markets like New York and Boston and it can get into smaller markets it does not already serve.
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