WestJet is a Canadian low-cost carrier based in Calgary, with secondary hubs in Toronto, Edmonton, Vancouver and Winnipeg. Using a fleet of B737NG aircraft, WestJet operates a network of domestic and regional services within Canada, as well as cross-border services to the United States, the Caribbean and Mexico. With a small fleet of 767s WestJet flies long haul across the Atlantic. Its regional subsidiary, WestJet Encore operates with a fleet of Bombardier Q400s.
WestJet announced Onex Corporation entered a definitive agreement to acquire all outstanding WestJet shares for CAD31 (USD23) per share, after which the airline will operate as a privately held company. The transaction value is approximately CAD5 billion (USD3.7 billion) and is subject to court and shareholder approval and receipt of certain regulatory approvals, including approval under the Canada Transportation Act.
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