Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the " Onex Group ") Agreement will ...

for $50 million, subject to approvals. Despite these equity changes, Onex will retain control of WestJet, which is headquartered in Calgary, Alberta.

WestJet, acquired by private equity firm Onex Corporation (TSX:ONEX) in 2019, is Canadaâ s second-largest airline. The airline takes a more regional and low-cost carrier approach, focusing on ...

The Onex Group will continue to own and control Calgary, Alberta-based WestJet. Delta and Korean have each been codeshare partners with WestJet for years.

About Onex Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders.

Upon closing, Delta has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM, also an existing WestJet partner, in exchange for US$50 million.

Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the "Onex Group") Agreement will ...