Onex-backed WestJet Airlines to acquire Sunwing Travel Group.

Synopsis

Onex-backed WestJet Airlines, a budgeted carrier, agreed to acquire Sunwing Travel Group, a travel company. Financial terms are not disclosed. “This combination brings together Canada’s two original low-cost carriers and positions us to accelerate growth in value-oriented travel, already the fastest growing segment of the airline market,” Alexis von Hoensbroech, WestJet CEO.

Principals

target

Sunwing Travel Group

bidder

Westjet Airlines

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Market Context

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Seller Team (2)

stephen hunter

CEO at SUNWING TRAVEL GROUP

Manager

target

Deal

n/a

Total Value

melanie anne filipp

Director at SUNWING TRAVEL GROUP

Manager

target

Deal

n/a

Total Value

Bidder Team (3)

alexis von hoensbroech

CEO at WESTJET AIRLINES LTD

Manager

bidder

Deal

n/a

Total Value

harry taylor

CFO at WESTJET AIRLINES LTD

Manager

bidder

Deals

£ 2.77 B

Total Value

gerald w. schwartz

Founder, Chairman and CEO at ONEX CORPORATION

Investor

bidder

Deals

n/a

Total Value

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