Milbank LLP announced on May 13 that it represented Sun Country Airlines in its approximately $1.5 billion cash and stock acquisition by Allegiant. The transaction closed after meeting customary closing conditions, including regulatory approvals and approval from both Allegiant and Sun Country shareholders.
The law firm’s team included partners, associates, and law clerks from various practice groups who worked together to guide the airline through the process.
This merger is significant as it brings together two airlines under a single ownership structure valued at around $1.5 billion. It highlights ongoing consolidation within the aviation industry as companies seek greater scale and efficiency.
Milbank is recognized for its expertise in mergers and acquisitions, public company representations, aviation finance, and leasing. The firm has been named “Firm of the Year” by AirlineEconomics for four consecutive years, reflecting its role as an advisor to major aviation companies worldwide.
Looking ahead, Milbank’s continued involvement in high-profile deals suggests it will remain a key player in advising large-scale transactions within the aviation sector.
