Sun Country Airlines Acquired by Allegiant | Logistics M&A Deal

Allegiant has completed the acquisition of Sun Country Airlines, a logistics other business in Minnesota, for $1.5 billion. Allegiant acquires Sun Country Airlines to expand low-cost airline capacity across Minneapolis-based routes while keeping separate brands and booking portals for now. Sun Country Airlines operates scheduled service serving about 175 cities and more than 650 routes, supporting Allegiant acquisitions in logistics M&A. The merger acquisition is a strategic acquisition by a strategic buyer, with Allegiant CEO Greg Anderson stating the combined company will remain surgical on capacity amid spiking jet fuel costs. The logistics deals MN transaction closed after a January cash-and-stock agreement that included debt, positioning the combined carrier to protect margins rather than chase growth.