Canada's WestJet to be purchased by private equity firm

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Canada's WestJet to be purchased by private equity firm

Postby Greg on Mon May 13, 2019 10:39 am

WestJet will be purchased by Onex Corporation, a private equity firm, and taken private, in a CAD $5 billion acquisition.

CBC

With the change, the future of Swoop, WestJet’s nascent ultra-low-cost carrier is in question. It is also fair to wonder if Onex will continue to operate WestJet as is, or follow a more predictable private equity path – loading the company up with debt, taking equity and cash out, and then attempting to sell what remains in the future.
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