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 must see value in WestJet, despite all the turbulence the airline's shareholders have had to endure recently. The airline's stock price has been under pressure in the past couple of years.

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 ...

Nik Priebe, an analyst at CIBC Capital Markets, said the control premium paid by Onex in 2019 set a high bar for value creation, making Friday’s sale of a minority stake in WestJet a “major highlight” ...

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, 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 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, ...

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 ...