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

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.

JetBlue Airways to Acquire Spirit Airlines

June 27, 2022

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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.

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.

Prosus Acquires Despegar for $19.50 per Share

May 15, 2025

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Prosus completed its all-cash acquisition of Latin America online travel agency Despegar at a purchase price of $19.50 per share. The transaction was approved by Despegar’s board and shareholders and after receiving required regulatory clearances.

Textron Completes Acquisition of Pipistrel

April 18, 2022

Aerospace & Defense

Textron Inc. has completed the acquisition of Pipistrel (including PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L.) for approximately €218 million. Pipistrel's founder Ivo Boscarol will remain a minority shareholder with roughly a 10% interest for two years as Textron integrates Pipistrel into its new Textron eAviation segment to accelerate development and certification of electric and hybrid-electric aircraft.

Wheels Up Acquires Air Partner plc

April 1, 2022

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Wheels Up Experience Inc. has completed its all-cash acquisition of U.K.-based Air Partner plc for 125 pence per share, valuing the business at approximately $109 million. The deal expands Wheels Up's international footprint and adds group charter, freight, and aviation safety & security services to its product portfolio; Air Partner will continue to operate from its Gatwick headquarters and retain its leadership team.