Private equity firm Onex Corporation is acquiring Canada's WestJet Airlines and taking the company private in a multi-billion dollar deal.

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 ...

Onex Corp has closed its acquisition of Calgary-based WestJet Airlines. The purchase price was C$5 billion. As a result of the transaction, WestJet will be delisted from the Toronto Stock Exchange ...

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 ...

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 ...

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 ...

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'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.

US legacy carrier Delta Air Lines has agreed to pay $330 million to acquire a 15% stake in WestJet. This marks the latest development in the Atlanta-based SkyTeam founding member's ongoing ...

WestJet, which is backed by Onex Corp and which competes with rival Air Canada, is facing demands from employees for improved working conditions and higher salaries. Additional reporting by ...

Delta Air Lines and Korean Air are buying 25% of the second biggest airline in Canada, deepening cooperation between the SkyTeam alliance and WestJet. For U.S. flyers, this will bring a closer ...

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 ...