Onex-backed WestJet Airlines to acquire Sunwing Travel Group.

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.