Announced
Financials
Sources
Tags
Canada
Domestic
Private
low-cost airline
Single Bidder
Acquisition
Majority
Private Equity
Pending
Friendly
Airlines
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.
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