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WestJet is be sold to the Onex Corporation becoming a privately-held airline
WestJet Airlines Ltd. announced today it has entered into a definitive agreement that provides for its acquisition in an all-cash transaction. Under the terms of the agreement, Onex Corporation and its affiliated funds will acquire all outstanding shares of WestJet for $31.00 per share, after which WestJet will operate as a privately-held company. (worldairlinenews.com) Ещё...
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What he does time and time again..Buys a company splits it up in pieces.Then sells it.private company..No problem no shareholders .Like Irving...
And Air Canada has published wedding banns with Air Transat.
As long as they don't start adding Airbus's to Westjet's fleet I don't mind. Those things are worse than the MAX.
ONEX will look at the Canadian Airbus if any of them especially if they can get YTZ opened up for jet traffic.
Gerry gets his airline?
Don't be surprised if the current culture of WestJet disappears along with the name creating an opening for a new low cost airline between major points. Just because you own an airline doesn't mean you can run it...as proven many times before.
