WestJet is a Canadian low cost carrier based in Calgary with secondary hubs in Toronto, Edmonton, Vancouver and Winnipeg. 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.
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 approved by the Canadian Transportation Ministry in Jun-2019. WestJet and Onex Corp closed the deal on 11-Dec-2019.
In Mar-2022, WestJet reached a definitive agreement to acquire Sunwing Airlines and its tour operator division Sunwing Vacations. The acquisition is expected to close in late 2022, subject to regulatory approval.
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