Onex Partners and TriWest to Acquire AirSprint, Canada’s Largest Fractional Jet Operator

Overview

• Onex Partners’ Opportunities Fund, TriWest Capital Partners and co-investors have agreed to acquire AirSprint, with the transaction expected to close in the third quarter of 2026 and subject to customary closing conditions.
• AirSprint founder Judson Macor will move to the role of chairman emeritus while President and CEO James Elian will remain in his executive role and on the company’s board, and several current shareholders will retain stakes after closing.
• Buyers said the new capital will be directed to fleet growth, operational enhancements and technology investments intended to expand AirSprint’s fractional-ownership offerings and route reach.
• AirSprint operates the largest fractional private-jet fleet in Canada, serves more than 600 fractional owners and employs over 400 people, and the investors say they will support existing service and safety standards.
• RBC, CIBC and Jefferies served as financial advisors and law firms including Goodmans and Kirkland & Ellis advised on the transaction, a conventional private-equity buyout that could speed fleet modernization and consolidation in the Canadian private aviation market.