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Canada’s WestJet could go for IPO, says majority owner
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Canada’s WestJet could go for IPO, says majority owner
WestJet (WS, Calgary) could be headed for a public listing after Onex (Canada), an investment firm, sold a 25% stake in the Canadian carrier to Delta Air Lines, Korean Air, and Air France-KLM, Bloomberg reports. "An IPO would be a natural next step because airlines are very large, capital-hungry enterprises," Tawfiq Popatia, head of Onex Partners, told Bloomberg in an interview. He suggested that a listing could happen within a few years. The US…
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