Boutique airline magnolia and travel agent magnolia have made a deal that could result in some of the biggest ticket deals this year, according to the sources familiar with the situation.
A statement from the airline said that the deal is expected to close this week.
A source familiar with magnolia said the airline has agreed to a deal to use its brand name in exchange for a 20% stake in magnolia, and the brand name is expected back in the portfolio this year.
The source said the agreement will be in place until Jan. 31.
A magnolia spokesman did not immediately respond to a request for comment.
Magnolia is a boutique airline that flies around the globe with about 30 brands and services, including Luxury Air, Monarch, JetBlue, Virgin Atlantic, and United.
It recently launched the Luxury JetPass, which offers one-way flights for less than the price of the regular ticket, and is also a popular partner with other brands, including American Airlines, American Eagle, Alaska Airlines, and Alaska.
The airline recently expanded its reach with a brand new service, Luxury Express, which provides unlimited flights and more than 3,000 destinations worldwide.
In recent months, magnolia has been struggling to find its footing as a travel brand.
It launched a new business last year, Luxurian, and it said it would sell a portion of its brands to Virgin Atlantic.