Onex Partners To Acquire Canadian Frax Operator AirSprint

Onex Partners, through its Onex Partners Opportunities Fund, has agreed—alongside TriWest Capital Partners and other co-investors—to acquire Canadian fractional jet operator AirSprint. The investment will support fleet expansion, operational enhancements, technology investments, and other initiatives to strengthen AirSprint’s position in the Canadian private aviation market, as well as continued investment in its workforce. The transaction is expected to close in the third quarter.

AirSprint founder and chairman Judson Macor, president and CEO James Elian, and certain other current shareholders will remain investors following the deal’s closing. Macor will become AirSprint’s chairman emeritus after the deal has closed, while Elian will continue in his executive role and remain on the company’s board of directors.

Elian said the transaction reflects confidence in AirSprint’s team. “I am excited to work with Onex, whose commitment to supporting our team, serving our fractional owners, and advancing AirSprint’s long-term vision gives me great confidence that AirSprint will continue delivering the safety, service, reliability, and value our fractional owners depend on today and will expect in the years ahead,” he said.

Headquartered in Calgary, Alberta, with offices in Toronto and Montreal, AirSprint operates what it describes as the largest fractional fleet of private aircraft in Canada, serving more than 600 fractional owners and employing more than 400 professionals across the country.