Onex Expects WestJet IPO in Two Years After Scoring Big Gains

Onex Expects WestJet IPO in Two Years After Scoring Big Gains

Investment firm Onex Corp. expects to publicly list WestJet in the near future after it completed the sale of a 25% stake in the carrier to three other airlines to lock in a significant profit.

Foreign airlines now officially own 25 per cent of Calgary-based WestJet

WestJet has officially sold a quarter of its business to foreign airlines for US$550 million, marking another major milestone for an airline

Onex Partners and its affiliated funds and co-investors close sale of 25 percent equity stake in WestJet to Delta, Korean Air and Air France-KLM

By WestJet ALBERTA, Canada – Onex Partners and WestJet announced the successful closing of the sale of minority equity stakes in WestJet to Delta Air Lines, Korean Air and Air France-KLM from Onex Partners, the upper middle market private equity platform of Onex, a Canadian investor and alternative asset manager, and affiliated funds and co-investors (the Onex Group). “Our new partners are widely regarded as among the best-performing and most in…

Delta, Korean Air, and Air France-KLM Join Forces with Strategic Investment in WestJet

Delta Air Lines, Korean Air, and Air France-KLM have officially completed their minority share purchase in Canadian carrier WestJet, marking a significant development in the global aviation landscape. The strategic investment, aimed at strengthening transatlantic and transpacific connectivity, signals increased collaboration among these major airlines as they seek to expand their networks and enhance competitive [...]

Delta Air Lines, Korean Air and Air France-KLM acquire stake in WestJet

Onex Partners and WestJet today announced the successful closing of the sale of minority equity stakes in WestJet to Delta Air Lines, Korean Air and Air France-KLM from Onex Partners, the upper middle market private equity platform of Onex, a Canadian investor and alternative asset manager, and affiliated funds and co-investors (the Onex Group). Tawfiq Popatia, Head of Onex Partners and Board Director at WestJet said: “Our new partners are widel…

Delta, Air France-KLM, And Korean Air Take Stakes In WestJet

WestJet has gained another powerful equity partner, Air France-KLM, in a deal that builds on the relationship with Delta Air Lines and Korean Air, positioning the Canadian carrier to strengthen its international connectivity within a wider transatlantic and transpacific network. Delta, Air France-KLM, And Korean Air Acquire Stakes In WestJet Air France-KLM has completed the acquisition of a 2.3% stake in WestJet, following Delta Air Lines’ earli…