Onex Partners acquires Canadian fractional jet operator AirSprint

Headquartered in Calgary with offices in Toronto and Montreal, AirSprint serves more than 600 fractional owners.

Canadian private equity firm Onex Partners has agreed to acquire AirSprint, Canada’s largest fractional jet operator, in a deal that also brings in co-investors TriWest Capital Partners alongside other shareholders.

The transaction marks AirSprint’s first institutional investment in its 26-year history.

AirSprint’s founder Judson Macor and president and CEO James Elian will both remain investors after closing, with Macor transitioning to the role of Chairman Emeritus and Elian continuing in his executive role and retaining a board seat.

The deal is expected to close in the third quarter of 2026.

Headquartered in Calgary with offices in Toronto and Montreal, AirSprint serves more than 600 fractional owners with coast-to-coast access across Canada and a team of more than 400 professionals.

“Today marks an exciting new chapter as we welcome Onex and its co-investors as our first institutional investors. Their investment is a strong endorsement of the business we have built and the opportunities ahead,” said Macor.

“What makes AirSprint special is our people. As we enter this next chapter, 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,” said Elian.

“Judson Macor founded and grew the company from a single aircraft into a national private aviation platform defined by an uncompromising dedication to its fractional owners, and we’re proud to help carry that legacy forward,” said Faiz Hemani, managing director at Onex Partners.

The investment is intended to fund fleet expansion, operational improvements, technology investment and other strategic growth initiatives.

RBC Capital Markets advised Onex, while CIBC Capital Markets and Jefferies advised AirSprint.