M&A Deal Summary

GO7 Acquires Flair Airlines

On February 7, 2023, GO7 acquired airliner Flair Airlines from 777 Partners

Acquisition Highlights
  • This is GO7’s 1st transaction in the Airlines sector.
  • This is GO7’s 1st transaction in Canada.
  • This is GO7’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2023-02-07
Target Flair Airlines
Sector Airlines
Buyer(s) GO7
Sellers(s) 777 Partners
Deal Type Add-on Acquisition

Target

Flair Airlines

Kelowna, British Columbia, Canada
Flair Airlines operated as a charter carrier before transitioning to scheduled service in 2017. To consistently offer affordable air travel to Canadians with a fleet that now includes Boeing 737-800s – Flair is focused on key airports, with its main transfer hub in Edmonton and a network that supports seasonal demand. Flair Airlines was founded in 2005 and is based in Kelowna, British Columbia.

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Buyer(S) 1

Buyer

GO7

London, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

GO7 represents a new approach to travel technology, united by a core belief to give control back to airlines and other travel operators through flexible, customer-centric technology. GO7's suite of integrated solutions allows airlines to transform their commercial operations using modern, agile technology flexibly designed as a 'one-stop' or bespoke solution. GO7's foundations are proven, with over 185 airlines globally already using GO7 for ticketing and distribution, passenger servicing, loyalty, payments, interlining, baggage management and operational consulting. GO7 is based in London, United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Air Black Box

Manchester, United Kingdom

Air Black Box is a travel technology company dedicated to transforming the travel selling process through decades of domain expertise, patented integration technology and a vision for innovation. Air Black Box’s industry-first comprehensive travel connection platform enables airlines, airports and travel providers to expand their market footprint, boost passenger volume, increase core and ancillary revenue, and create new sales opportunities by efficiently and cost-effectively facilitating the cross-selling, distribution and fulfillment of travel products and services. Air Black Box was founded in 2013 and is based in Manchester, England.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.


DEAL STATS #
Overall 4 of 4
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Air Black Box

Manchester, United Kingdom

Air Black Box is a travel technology company dedicated to transforming the travel selling process through decades of domain expertise, patented integration technology and a vision for innovation. Air Black Box’s industry-first comprehensive travel connection platform enables airlines, airports and travel providers to expand their market footprint, boost passenger volume, increase core and ancillary revenue, and create new sales opportunities by efficiently and cost-effectively facilitating the cross-selling, distribution and fulfillment of travel products and services. Air Black Box was founded in 2013 and is based in Manchester, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 First Trinity Financial

Tulsa, Oklahoma, United States

First Trinity is an insurance holding company emphasizing annuity contracts and ordinary life insurance products in niche markets. First Trinity Financial was founded in 2004 and is based in Tulsa, Oklahoma.

Buy -