By Robb M. Stewart

Pursuit Attractions & Hospitality is selling its Flyover flying theater business for roughly $78.4 million as it seeks to tighten its focus and bolster longer-term growth.

The company, which owns hospitality destinations in destinations in the U.S., Canada, Iceland and Costa Rica, said Wednesday it entered a definitive agreement to sell Flyover.

The deal is expected to close this spring, pending regulatory approvals. The business will continue to operate as part of Pursuit until then.

Pursuit said it also received $25 million in deferred cash proceeds from the 2024 sale of its GES business to TL Voltron Purchaser, completing the $535 million transaction.

Proceeds from both deals will bolster liquidity by over $100 million, supporting high-return growth investments and opportunistic share repurchases, the company said.

Between Nov. 10, 2025, and Jan. 20, this year, Pursuit bought $14.5 million of its shares. The company has about $35.5 million available under its share buyback program.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

January 21, 2026 07:25 ET (12:25 GMT)

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