Onex Partners Completes Acquisition of AirSprint
Onex Partners and co-investors have finalized their takeover of AirSprint, closing a private aviation deal.
Onex Partners and a group of co-investors have completed their acquisition of AirSprint, the Canadian private aviation company, according to an announcement distributed via GlobalNewswire. The deal marks a significant consolidation move in the fractional and private jet ownership sector, with Onex bringing its established private equity muscle to bear on a growing market segment.
AirSprint, known for offering fractional aircraft ownership to business clients across Canada, becomes the latest aviation asset to attract institutional capital as demand for private air travel continues to outpace commercial airline capacity for high-net-worth and corporate travelers. The completion of the transaction positions AirSprint for potential expansion under new ownership.
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Onex Partners, the flagship private equity fund of Toronto-based Onex Corporation, has a track record of acquiring and scaling mid-market businesses across North America. The addition of AirSprint to its portfolio signals continued interest in the premium travel and transportation space, where barriers to entry remain high and loyal customer bases provide recurring revenue stability.
Financial terms of the transaction were not disclosed in the announcement, though all figures were noted to be denominated in U.S. dollars. Co-investors participating alongside Onex Partners were not individually named in the release, which is common practice for private equity consortium deals at closing.
The closure of this acquisition reflects broader trends in private aviation, where institutional investors have accelerated their bets on fractional ownership models as an alternative to full aircraft purchases. Continue reading at GlobalNewswire.
