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 ...

There is little doubt that WestJet welcomed Onex's interest and worked quickly to reach an optimal deal for both sides. It is likely not the beginning of a trend for airlines to go private, but the ...

WestJet shareholders to receive $31.00 per share in cash; Acquisition recognizes and continues WestJet's industry-leading commitment to guest experience and employee culture All amounts in ...

In a move that sent shockwaves through the Canadian travel community, WestJet today it's being purchased by Canadian investment company Onex, headed by Toronto-based Gerry Schwartz. WestJet said the ...

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 ...

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 ...

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, ...

Delta Air Lines and Korean Air Lines will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp , the U.S. carrier said on Friday.