A new low-cost airline merger is in the works – and doesn’t involve Spirit Airlines.
Sun Country Airlines announced plans to merge with Allegiant in a deal worth about $1.5 billion cash and stock.
Allegiant will acquire Minnesota based Sun Country.
“This is an exciting next step in our history as we join Allegiant to create one of the leading leisure travel companies in the US,” said Sun Country CEO Jude Bricker.
“We are deeply committed to delivering affordable travel experiences without compromising on quality. Importantly, we believe this transaction delivers significant value to Sun Country shareholders.”
The combined company will have its headquarters in Las Vegas, however Sun Country will remain a major presence at its Minneapolis hub.
Once merged, the new business will have a combined fleet of almost 200 aircraft.
They will fly more than 650 routes if there is no route consolidation.
The two airlines expect the deal to close after mid-2026.
Bricker will be one of three Sun Country executives joining Allegiant’s board of directors.
Gregory C. Anderson will continue as Allegiant CEO.
