Air Canada ended weeks of speculation, Thursday, offering to buy leisure airline and travel company Transat for more than $500 million.
Westjet’s chief executive Ed Sims said the airline’s proposed sale to Onex would be good for the long-term growth of the company.
Why the announcement of Onex’s deal to buy Westjet feels like a death in the family.
A bombshell was dropped Monday in Canada’s aviation industry, with Westjet announcing it would be sold to private equity firm Onex Corporation.
Figures compiled by Western Aviation News show Canada’s airports raked in more than $4 billion in revenues in 2018, and generated more than $250 million in profits. The first of four parts.