Delta Air Lines and Korean Air Lines will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp , the U.S. carrier said on Friday.

Onex Corp. ONEX-T is selling a 25-per-cent stake in WestJet Airlines to two of the world’s largest carriers for US$550-million, cashing in on an investment made just before the COVID-19 pandemic ...

“The transaction was completed at more than a 25 per cent premium to our current WestJet NAV (net asset value),” Onex chief executive Bobby Le Blanc said on a conference call Friday morning. “This is ...

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(Bloomberg) -- WestJet Airlines Ltd., Canada’s second ... The Calgary-based company owned by private equity firm Onex Corp. has already canceled around 50 flights in Canada and the US through ...

Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the “Onex Group”) Agreement will ...

Delta will be investing $330 million, acquiring a 15% stake, and Korean will invest $220 million in exchange for a 10% stake Onex will continue to own and control WestJet Onex acquired WestJet in ...

Onex, a Toronto-based private equity firm chaired by Gerry Schwartz, made a long-coveted leap into aviation in 2019 by signing a friendly deal to buy WestJet in an all-cash transaction of $3.5 ...

WestJet, which is backed by Onex Corp and which competes with rival Air Canada, is facing demands from employees for improved working conditions and higher salaries.

Play the USA TODAY Daily Crossword Puzzle. WestJet, which is owned by Onex Corp and also serves destinations across the U.S., was not immediately available for comment on Sunday. On Saturday ...

June 9 (Reuters) - Onex Corp's (ONEX.TO), opens new tab WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots ...

Onex Corp. bought WestJet in 2019, when the airline was coming off struggles that included labour issues, high fuel costs, competition and its first losses since launching as a regional carrier in ...