Onex Partners and its affiliated funds and co-investors close sale of 25 per cent equity stake in WestJet to Delta, Korean Air and Air France-KLM
Source: WestJet Onex Partners and WestJet today announced the successful closing of the sale of minority equity stakes in WestJet to Delta Air Lines, Korean Air and Air France-KLM from Onex Partners, the upper middle market private equity platform of Onex, a Canadian investor and alternative asset manager, and affiliated funds and co-investors (the Onex Group). "Our new partners are widely regarded as among the best-performing and most innovative airlines in the world," said Tawfiq Popatia, Head of Onex Partners and Board Director at WestJet. "This investment has created a terrific amount of value for Onex Partners and its investors to date, including through the unprecedented headwinds posed by the pandemic. We look forward to building on this track record [...]