aerospace / news / / Hartford Courant
Allegiant and Sun Country will integrate their systems, employees and fleets.
Allegiant completed a $1.5 billion merger with Sun Country Airlines, forming a leisure airline superpower.
KEY POINTS
- The combined company expects $140 million in annual savings within three years from integration.
- Sun Country's cargo operations for Amazon Prime Air and charters will diversify Allegiant's revenue base.
- Allegiant's board expands to 11, adding three Sun Country representatives including CEO Jude Bricker.
- Sun Country shareholders get $4.10 cash and 0.1557 Allegiant shares per Sun Country share, an 18-20% premium.
COMPANIES
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