Onex and others complete acquisition of fractional jet ownership company AirSprint

Onex Partners and a consortium of co-investors have finalized the acquisition of fractional jet ownership company AirSprint Inc., as previously announced in June. The deal, valued at a substantial sum, will enable AirSprint to propel its growth through fleet expansion, operational improvements, technological advancements, and strategic initiatives.

Co-investors in the transaction include Onex Partners, TriWest Capital Partners, and other undisclosed parties. The deal's announcement came following a group of companies' commitment to support AirSprint's future development.

AirSprint, based in Calgary, operates a fleet of private aircraft across Canada. Upon completing the acquisition, Onex Partners asserts that AirSprint's founder and chairman, Judson Macor, along with AirSprint president and CEO James Elian and certain other shareholders, remain invested in the company.

Under the terms of the agreement, new subscribers will be billed an annual fee of $205.00 + GST for the first year, with the price automatically increasing to $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). The offer is available to both new and qualified returning subscribers, with the option to cancel at any time.