WestJet Stake Sale: Delta, Korean Air Invest in Carrier
Friday, May 9, 2025, 1:23 pm
In a significant shake-up in the aviation sector, Delta and Korean Air have acquired a 25% minority stake in Canadian carrier WestJet from Onex Corp for US$550 million. This deal not only marks a profitable turnaround for Onex but also reshuffles industry dynamics, leaving insiders buzzing about what’s next for the carrier’s future.
The 25% stake is being sold by Onex Partners and affiliated funds and co-investors of the group. The Onex group will continue to own and control WestJet
Delta Airlines and Korean Air are buying a minority stake in Calgary-based Westjet from Onex Corp. for $550 million U.S.
The next step could involve public markets, says CEO
permalink / 3 stories from sources in 5 days ago #trade #business #canada #south-korea
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