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News

Delta, WestJet and Korean Air

The Wall Street Journal on MSN · 3d
Delta, Korean Air to Buy Stakes in WestJet For $550 Million
The investment comes at a shaky moment for travel between Canada and the U.S., with Canadians taking fewer trips to the U.S.
Seeking Alpha on MSN · 3d
Delta Air Lines and Korean Air acquire a 25% stake in Canadian airline Westjet
Delta Air Lines (NYSE:DAL) and Korean Air announced on Friday that they will strengthen their respective partnerships with WestJet through the purchase of minority equity stakes in the Canadian airline from Onex Partners.
Reuters on MSN · 3d
Delta, Korean Air to Buy 25% Stake in Canada's WestJet
Delta will invest $330 million for a 15% stake and Korean Air will inject $220 million for a 10% interest. The U.S. airline also plans to sell and transfer a 2.3% stake in WestJet to its joint venture partner, Air France-KLM, for $50 million.
Wealth Professional
16h
WestJet ownership restructured in $550M Onex deal
Onex CEO Bobby Le Blanc said that the deal closed at more than a 25% premium to the firm's current net asset value in the ...
FlightGlobal
3d
SkyTeam partners poised to acquire 25% of Canada's WestJet
Delta Air Lines and Korean Air plan to acquire 25% of Canadian discount carrier WestJet, and Delta intends to sell 2.5% share ...

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