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Announced June 25, 2026, the Onex Partners Opportunities Fund, TriWest Capital Partners, and certain other co-investors agreed to acquire AirSprint Inc., Canada's largest fractional jet operator, for an undisclosed consideration. The transaction is expected to close in Q3 2026. Headquartered in Calgary with offices in Toronto and Montréal, AirSprint operates Canada's largest fractional private jet fleet, serving 600+ fractional owners coast-to-coast with a team of more than 400 professionals. The investment — AirSprint's first by institutional investors in its 26-year history — will support fleet expansion, operational enhancements, technology investment, and broader strategic growth initiatives. Founder and Chairman Judson Macor will transition to Chairman Emeritus, while President and CEO James Elian will continue in his executive role and retain his board seat; both, along with select current shareholders, will remain investors post-closing. Onex Partners manages over US$22 billion across six funds. TriWest, founded in 1998 in Calgary, has raised over C$1.7 billion in committed capital across seven funds. RBC Capital Markets acted as exclusive financial advisor to Onex and its co-investors. Goodmans LLP served as Canadian legal counsel, Kirkland & Ellis LLP as U.S. legal counsel, and DLA Piper LLP as aviation regulatory counsel to the buyers. Blake, Cassels & Graydon LLP acted as legal counsel, and CIBC Capital Markets and Jefferies, LLC acted as financial advisors to AirSprint. Gowling WLG (Carl Hinzmann and Brian Cohen) acted as Canadian tax counsel to AirSprint founder Judson Macor.
Parties
Company
Onex Partners Opportunities Fund
Company
TriWest Capital Partners
Company
AirSprint Inc.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date