WestJet finalizes sale of 25% stake to Delta, Korean Air and Air France-KLM: Travel Weekly
Deal for WestJet Shares Closes
A deal to acquire shares of WestJet has officially closed, marking a significant development in the airline industry. The transaction was completed by an investment group.
The group, Onex, announced the closing of the deal. The acquisition will see WestJet taken private.
Onex is a Canadian private equity firm. The company has a history of investing in various industries. This acquisition represents a new venture for the firm within the airline sector.
The implications of WestJet going private are yet to be fully understood. However, the move suggests a shift in the ownership and operational structure of the Canadian airline. Further details regarding the future strategy and management of WestJet under Onex ownership are expected to be released in due course.
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