Onex to buy Canada’s WestJet for $2.6 billion in largest PE-backed aviation deal

May 13, 2019 admin Business News Comments Off on Onex to buy Canada’s WestJet for $2.6 billion in largest PE-backed aviation deal

Canada’s second-biggest carrier, WestJet Airlines Ltd, on Monday accepted a C$3.5 billion ($2.6 billion) cash buyout offer from private equity group Onex Corp, sending the carrier’s shares surging 63% in Toronto trading.

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Source:: Reuters – Business News