US EditionAllegiant to Acquire Sun County in $1.5 Billion Deal
3 Articles
3 Articles
Allegiant to acquire Sun County in $1.5 billion deal
(NBC, KYMA) - Two low-cost airlines are merging in a $1.5 billion deal as Allegiant Air says it plans to buy Sun Country airlines. Both companies operate as low-cost carriers in the United States. If approved, the combined airline would serve about 175 cities nationwide. The deal still needs clearance from federal regulators and approval from Sun Country shareholders. The companies expect the merger to close in the second half of the year. For n…
Allegiant announced an agreement to acquire Sun Country Airlines in a cash transaction and shares that would combine two of the leading United States leisure airlines under the Allegiant brand. The resulting company will be based in Las Vegas and will maintain a relevant presence in the Sun Country hub in Minneapolis–St. [...]
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