WestJet Airlines Ltd. announced the impressive transaction, which is valued around $5 billion, on Monday. Onex Partners, Onex’s private equity platform, will oversee the deal. "Since our first ...

Onex has recouped its investment in WestJet, bought in 2019 for $5 billion, after selling a 25% stake to Delta and Korean Air. Read on. Skip to Content. Stay up to date on the best insured and ...

Onex Corp. ONEX-T is selling a 25-per-cent stake in WestJet Airlines to two of the world’s largest carriers for US$550-million, cashing in on an investment made just before the COVID-19 pandemic ...

Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the "Onex Group "); Agreement will ...

WestJet, which is owned by Onex Corp and also serves destinations across the U.S., was not immediately available for comment on Sunday. On Saturday, WestJet CEO Alexis von Hoensbroech blamed the ...

WestJet said it was canceling 40 flights over June 18-19, affecting 6,500 customers. ... WestJet, which is backed by Onex Corp and which competes with rival Air Canada, ...

Onex, a Toronto-based private equity firm chaired by Gerry Schwartz, made a long-coveted leap into aviation in 2019 by signing a friendly deal to buy WestJet in an all-cash transaction of $3.5 ...

Onex Corp's WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the ‍Aircraft Mechanics Fraternal Association.

Onex Corp's WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots Association International (ALPA) said on Friday.

Onex Corp. has sold a 25 per cent stake in WestJet to a consortium of global airlines including Delta Air Lines and Korean Air for US$550-million, a transaction that allows the private equity firm to ...