Fractional private jet operator AirSprint Inc. has agreed to be acquired by a consortium led by Onex Partners and TriWest Capital Partners, according to a report from The Globe and Mail.
The deal structure includes participation from other co-investors, notably current AirSprint shareholders Macor and Elian, who are expected to remain investors in the transaction.
Financial terms of the acquisition were not immediately disclosed.
The move highlights continued private equity appetite for specialized aviation assets, even as the sector faces heightened regulatory attention.
The acquisition comes shortly after reports that Brand Velocity Capital, led by Eli Manning, agreed to acquire youth sports company RCX amid a congressional bill aimed at banning private equity ownership in youth sports.
While the regulatory environment for private equity in certain consumer-facing sectors is tightening, the aviation and fractional ownership space remains a target for buyout firms seeking operational improvements and consolidation opportunities.