airline_merger

Airlines

Allegiant Air to Acquire Sun Country Airlines for $1.5 Billion

Allegiant Air to Acquire Sun Country Airlines for $1.5 Billion U.S.-based ultra-low-cost carrier Allegiant Air announced that it has reached an agreement to acquire fellow low-cost airline Sun Country Airlines for approximately $1.5 billion. The transaction is expected to close in 2026, subject to approval by the U.S. Department of Justice. The combined company will be headquartered in Las Vegas,…