JetBlue Airways to Acquire Spirit Airlines

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.

Spirit Airlines and Frontier Group Announce Merger to Form Ultra-Low Fare Airline

February 7, 2022

Transportation

Spirit Airlines and Frontier Group Holdings (parent of Frontier Airlines) entered into a definitive merger agreement to combine their businesses and create an ultra-low fare airline. The amended terms increased Frontier’s cash consideration to Spirit shareholders and raised the reverse termination fee, with the deal still subject to customary regulatory and stockholder approvals.

SKY Leasing Acquires JetBlue Ventures

May 5, 2025

Financial Services

SKY Leasing has acquired JetBlue Ventures, JetBlue Airways' corporate venture capital arm. The deal transfers ownership of the San Francisco–based VC firm to SKY while JetBlue remains a strategic partner and JetBlue Ventures continues to manage its existing and future investments under a brand licensing agreement.

Allegiant Travel Company to Acquire Sun Country Airlines in $1.5 Billion Deal

January 11, 2026

Transportation

Allegiant Travel Company has signed a definitive merger agreement to acquire Sun Country Airlines for about $1.5 billion in a cash-and-stock transaction. The combination is intended to create a larger, leisure-focused U.S. airline with an expanded route network and expected annual run-rate synergies of $140 million by the third year after closing.

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.

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.