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 ...

for $50 million, subject to approvals. Despite these equity changes, Onex will retain control of WestJet, which is headquartered in Calgary, Alberta.

WestJet, Canada's second-largest airline, is investigating a cyberattack that has disrupted access to some internal systems as it responds to the breach.

Canada's WestJet Airlines is investigating a cybersecurity incident that has disrupted access to its mobile app and some internal systems, affecting an undisclosed number of users, the airlines ...

About Onex Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders.

Upon closing, Delta has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM, also an existing WestJet partner, in exchange for US$50 million.

The Onex Group will continue to own and control Calgary, Alberta-based WestJet. Delta and Korean have each been codeshare partners with WestJet for years.

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 ...