Two low-cost airlines are merging in $1.5 billion deal

Business

Two Low-Cost Airlines Are Merging In $1.5 Billion Deal

By thestreet.com

In a first of such deals since the start of the year, Las Vegas-based Allegiant Air announced plans to purchase rival Sun Country Airlines for $1.5 billion and form a single low-cost airline. The deal includes both cash and stock and takes on approxi ...Read more