Onex selling minority stakes in WestJet to Delta and Korean Air

Published: 2025-05-09 06:27:04 ET ONEX.TO

Published on 05/09/2025 at 06:27

CALGARY - Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air for a total of US$550 million.

Under the deals, Delta will acquire a 15 per cent stake in the Calgary-based airline for US$330 million, while Korean Air will buy a 10 per cent stake for US$220 million.

After the deal closes, Delta plans to sell a 2.3 per cent stake in WestJet to its joint venture partner Air France-KLM for US$50 million.

WestJet and Delta have been partners since February 2011.

Korean Air and WestJet have partnered since June 2012.

Onex acquired WestJet in 2019.

Companies in this story: (TSX: ONEX)