Delta, Korean Air to buy 25% stake in Canada's WestJet

Delta, Korean Air buy 25% of WestJet in $714.2 million deal

Delta will buy a 15% minority interest while Korean Air will take a 10% stake. Read more at straitstimes.com.

U.S. and Asian airlines acquiring enormous stakes in WestJet

Canadian airline WestJet is selling hundreds of millions of dollars worth of stakes in its business to Delta Air Lines and Korean Air.

Delta, Korean Air buy 25% stake in Canadian carrier WestJet in US$550 million deal

The 25% stake is being sold by Onex Partners and affiliated funds and co-investors of the group.

Onex recoups its investment in WestJet with sale of 25% stake to foreign airlines

Onex has recouped its investment in WestJet, bought in 2019 for $5 billion, after selling a 25% stake to Delta and Korean Air. Read on

WestJet owner sells 25 per cent stake to Korean Air, Delta

Onex Corp. is selling off a 25 per cent stake in WestJet, which could be a sign the company is looking to get out of the airline business entirely, experts say.

Delta, Korean Air Invest $550 Million In WestJet To Boost Global Airline Power - Delta Air Lines (NYSE:DAL)

Delta Air Lines Inc. (NYSE:DAL) and Korean Air announced on Friday that they will be purchasing minority stakes worth a combined $550 million in Canadian carrier WestJet. This strategic move has Delta acquiring a 15% interest for $330 million, while Korean Air secures a 10% share for $220 million, expanding their long-standing partnerships with WestJet. The equity purchases come as part of an agreement with Onex Partners, a division of Canadian …