Allegiant Travel Company has made several senior leadership promotions, the company said yesterday (January 14).
The company said the promotions position the company for “long-term success” as it looks to establish an integration management office post-merger agreement with Sun Country Airlines.
The merger deal was announced last Sunday, under which Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share, pending regulatory approvals.
Allegiant has promoted Michael Broderick to SVP & chief integration officer. He will lead the integration management office and oversee the proposed Sun Country merger.
He joined the company in 2017 and was most recently overseeing procurement, financial planning and analysis, and airport affairs. Prior to joining Allegiant, he held leadership roles at US Airways, Sabre, and American Airlines.
Rebecca Aretos has been promoted to SVP, finance & chief accounting officer. Aretos joined the company in 2007. In her expanded role, she will continue overseeing accounting while assuming leadership of the procurement, financial planning and analysis organisation.
Asad Shaikh has been promoted to SVP, corporate finance & treasurer. He joined the company in 2013 and oversaw corporate finance and treasury since 2024.
Under the merger deal, Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun Country share owned, representing a premium of 19.8% over Sun Country's closing share price of $15.77 on January 9, 2026, and 18.8% based on the 30-day volume-weighted average price.
The transaction values Sun Country at approximately $1.5bn, inclusive of $400,000 of Sun Country's net debt. Upon closing, Allegiant and Sun Country shareholders will own approximately 67% and 33%, respectively, of the combined company on a fully diluted basis.