#international-routes

#international-routes

Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at $1.5 billion including Sun Country's debt, the two carriers said in a joint statement on Sunday. Sun Country's shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash per Sun Country share, the companies said. The offer represents a premium of 19.8% over Sun Country's closing share price on Friday, according to the statement.

In international route news, United is set to launch the first nonstop service between the U.S. and Adelaide, Australia, on Dec. 11 when it introduces three weekly 787-9 seasonal flights from San Francisco International. That becomes United's third nonstop route from SFO to Australia, after Sydney and Brisbane. Adelaide, located on the southern coast, is the nation's fifth-largest city and capital of the state of South Australia.