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

Following an approach by Onex in March 2019, the WestJet board of directors formed a special committee of independent directors to provide the Board with its advice and recommendations with ...

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 ...

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 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 ...

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 ...

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 ...

-Delta Air Lines and Korean Air will strengthen their respective partnerships with WestJet through the purchase of minority equity stakes in the Canadian airline from Onex Partners, the upper ...

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 ...

Onex Corp. has sold a minority stake in WestJet to Delta Air Lines and Korean Air in a US$550-million deal that aims to position the Calgary-based airline for growth abroad amid intensifying ...

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 ...