Allegiant Air Acquires Sun Country Airlines in ~$1.5B Deal

Pegasus Airlines to Acquire Czech Airlines and Smartwings for €154 Million

December 11, 2025

Transportation

Pegasus Airlines has reached an agreement to acquire Czech Airlines and its subsidiary Smartwings for €154 million, including the purchase of associated receivables. Completion is subject to regulatory approvals and additional transfer conditions, and the airlines plan to maintain their own brands while leveraging shared operational capabilities.

FlyHouse to Acquire Sun Air Jets

October 15, 2025

Transportation

FlyHouse has entered into a definitive agreement to acquire Sun Air Jets, a Southern California aircraft management and charter operator. The deal is intended to expand FlyHouse’s maintenance, management, and operational capabilities, including adding FAA Part 145 Repair Station certification and expanding facilities and fleet capacity at West Coast airports.

Alaska Airlines Completes Acquisition of Hawaiian Airlines

September 18, 2024

Transportation

Alaska Air Group completed its acquisition of Hawaiian Holdings (Hawaiian Airlines) in an all-cash deal valued at about $1.9 billion. The combination expands Alaska’s network across the Pacific and enhances guest benefits by integrating loyalty, lounges, and future unified operations while preserving both airline brands.

Boeing Acquires Spirit AeroSystems

July 1, 2024

Aerospace & Defense

Boeing has agreed to acquire Spirit AeroSystems in an all-stock transaction valued at approximately $4.7 billion in equity (about $8.3 billion total including net debt), reintegrating Spirit's Boeing-related commercial operations and select aftermarket businesses. The deal brings roughly 15,000 Spirit teammates into Boeing, expands Boeing's production and MRO footprint, and preserves certain defense activities as an independent Spirit Defense subsidiary while requiring divestiture of some Airbus-related work packages.

JetBlue Airways to Acquire Spirit Airlines

June 27, 2022

Transportation

JetBlue is acquiring Spirit Airlines for $33.50 per share in cash, valuing the deal at about $3.8 billion equity (and $7.6 billion adjusted enterprise value). The offer includes an accelerated $2.50 per-share prepayment upon Spirit shareholder approval and a $0.10 per-month “ticking fee” beginning January 2023, along with an increased $400 million reverse break-up fee.

WestJet Group (Pending Regulatory Approval) to Acquire Sunwing Airlines

March 2, 2022

Transportation

WestJet signed an agreement to acquire Sunwing Airlines, pending regulatory approval. CUPE 4070, representing nearly 4,000 WestJet cabin crew members, said employees were informed of the deal and highlighted uncertainty for Sunwing employees as well as concerns around collective agreement rights across both companies.