Airlines
Who acquires Airlines companies
16 distinct acquirers across 17 recorded transactions, 2016 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Airlines companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| flyExclusive | 2 | 2026 |
| Allegiant Travel Company | 1 | 2026 |
| CSI Aviation | 1 | 2026 |
| Air T | 1 | 2025 |
| Republic Airways Holdings Inc. | 1 | 2025 |
| Exchange Income Corporation | 1 | 2025 |
| Gilat Satellite Networks Ltd. | 1 | 2024 |
| VIG Partners (PE) | 1 | 2023 |
| Wheels Up | 1 | 2022 |
| Hahn & Company (PE) | 1 | 2020 |
Counted from 17 recorded transactions, 2016 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Airlines band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| Jet.AI aviation business | flyExclusive | 2026-07-13 | n/d | n/d | n/d |
| Jet.AI fractional and jet card business | flyExclusive | 2026-07-13 | $16m | n/d | n/d |
| Sun Country Airlines Holdings | Allegiant Travel Company | 2026-05-13 | n/d | n/d | n/d |
| Harbor Diversified airline operations | CSI Aviation | 2026-01-09 | $110m | n/d | n/d |
| Regional Express Holdings Limited | Air T | 2025-12-17 | n/d | n/d | n/d |
| Mesa Air Group | Republic Airways Holdings Inc. | 2025-11-25 | n/d | n/d | n/d |
| Canadian North | Exchange Income Corporation | 2025-02-24 | $156m | n/d | n/d |
| Stellar Blu Solutions | Gilat Satellite Networks Ltd. | 2024-06-17 | $245m | n/d | n/d |
| Eastar Jet | VIG Partners (PE) | 2023-01-06 | $30m | n/d | n/d |
| Air Partner | Wheels Up | 2022-04-01 | $109m | n/d | n/d |
| Korean air Catering & Duty free | Hahn & Company (PE) | 2020-08-31 | $840m | n/d | n/d |
| HK Express | Cathay Pacific Airways | 2019-03-27 | $636m | n/d | n/d |
| ExpressJet Airlines | ManaAir LLC | 2018-12-18 | $70m | n/d | n/d |
| North Star Air Ltd. | The North West Co. | 2017-04-28 | $24m | n/d | n/d |
| Air Fayre | Harwood Private Equity (PE) | 2016-11-15 | $49m | n/d | n/d |
| ASIG Holdings Corp. | Menzies Aviation | 2016-09-16 | $202m | 7.2x | 0.5x |
| Fly-By-Wire International Pvt. Ltd. (FBW) | Zee Entertainment Enterprises | 2016-03-15 | $9m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Transportation & Logistics companies
On PEStore, Airlines sits within Transportation & Logistics. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Transportation & Logistics investors and acquirers on PEStoreMultiples across every sector
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