Allegiant to buy Sun Country in $1.5B deal reshaping budget travel
Low-cost airline Allegiant will acquire Sun Country Airlines in a $1.5 billion deal, including debt, with Sun Country shareholders receiving Allegiant stock and cash for each share, representing a nearly 20% premium. If approved, the combined airline will operate under the Allegiant brand with about 195 aircraft and serve roughly 175 cities on over 650 routes. The merger, headquartered in Las Vegas, is expected to … Continue reading Allegiant to buy Sun Country in $1.5B deal reshaping budget travel
