Onex Corp. is soaring to a payday, offloading a 25 per cent stake in WestJet for US$550 million to two global airline giants—turning turbulence into triumph.
As previously reported, Delta Air Lines will acquire a 15 per cent stake in WestJet for US$330 million, while Korean Air will buy a 10 per cent stake for US$220 million.
For Onex, which purchased WestJet in 2019 when the airline was struggling with labour issues, high fuel costs and intense competition, the transaction…
