Two underdogs within the airline industry are becoming a member of forces. Allegiant announced Sunday it would purchase Solar Nation Airways for $1.5 billion, making a mixed leisure provider to compete in opposition to Delta, American, United and Southwest.
Solar Nation shareholders will obtain $18.89 per share, a 20% premium over Friday’s closing worth. Allegiant shareholders will personal 67% of the mixed firm, with Solar Nation shareholders holding 33%. The deal brings collectively two complementary networks: Allegiant operates from small and mid-sized cities, whereas Solar Nation flies from bigger hubs like Minneapolis. Collectively, they’ll serve 22 million annual passengers throughout 175 cities with over 650 routes and 195 plane.
The 4 main U.S. carriers — Delta, American, United and Southwest — management roughly 70 % of the home market, making it powerful for smaller gamers to compete alone. The deal is predicted to shut within the second half of 2026 pending regulatory approval.
Two underdogs within the airline industry are becoming a member of forces. Allegiant announced Sunday it would purchase Solar Nation Airways for $1.5 billion, making a mixed leisure provider to compete in opposition to Delta, American, United and Southwest.
Solar Nation shareholders will obtain $18.89 per share, a 20% premium over Friday’s closing worth. Allegiant shareholders will personal 67% of the mixed firm, with Solar Nation shareholders holding 33%. The deal brings collectively two complementary networks: Allegiant operates from small and mid-sized cities, whereas Solar Nation flies from bigger hubs like Minneapolis. Collectively, they’ll serve 22 million annual passengers throughout 175 cities with over 650 routes and 195 plane.
The 4 main U.S. carriers — Delta, American, United and Southwest — management roughly 70 % of the home market, making it powerful for smaller gamers to compete alone. The deal is predicted to shut within the second half of 2026 pending regulatory approval.
