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Allegiant remains on track with $1.5B merger with Sun Country
The combination brings together complementary route networks across Allegiant’s small and mid-sized localities and Sun Country’s larger cities with more than 650 routes.
Despite the headwinds of high jet fuel prices creating havoc in the aviation industry, Las Vegas-based Allegiant Air remains on track to complete its planned merger with Minnesota-based Sun Country Airlines later this month.
In a conference call with investors Thursday, Allegiant executives said they expect shareholders from both companies to consider the $1.5 billion deal on May 8 with the anticipated close of the transaction on May 13. Regulators already have signed off on the transaction that would blend two of the nation’s largest and most successful leisure air carriers. The airline initially expected the merger’s completion in the second half of this year.
Sun Country employees preserving airline's brand amid Allegiant merger
Minnesota's hometown airline is merging with Las Vegas-based Allegiant. For years, a trio of former and current Sun Country staffers has worked to preserve the brand.
In January, one of Sun Country's original flight attendants heard something that hit hard.
"It was horrible. It was horrible," said Maggie Hill, one of Sun Country's original flight attendants.
In a $1.5 billion deal, it was announced that Allegiant would take over the Minnesota-based carrier, which had been in operation since 1982, started by a group of crew members from the former Braniff International Airways.
"To know that our brand is going to disappear is devastating. It really was. I just don't know how to put it into words," said Hill.
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