WestJet to go private as acquisition agreed

WestJet Airlines is to be taken into private hands following its agreement to be acquired by Onex Corporation for approximately CAD$5 billion.

“Since our first flight in 1996, WestJet has been singularly focused on providing better options for the Canadian travelling public and this transaction retains that commitment,” said Clive Beddoe, WestJet’s founder and chairman. “I am particularly pleased that WestJet will remain headquartered in Calgary and will continue to build on the success that our 14,000 WestJetters have created. ”

“WestJet is one of Canada’s strongest brands and we have tremendous respect for the business that Clive Beddoe and all WestJetters have built over the years. WestJet is renowned internationally for its unparalleled guest experience and employee culture. We’re thrilled to be partnering with WestJetters and continuing this remarkable Canadian success story,” said Tawfiq Popatia, a managing director at Onex.

WestJet as recently introduced the first international service of its Dreamliner aircraft from Calgary to London (Gatwick).

The 320-seat aircraft features WestJet’s first lie-flat business cabin seats accompanied by luxurious blankets and pillows, turndown service and in-seat TVs, offering a premium service with a distinctly Canadian feel. WestJet Premium offers seats in a 2x3x2 configuration, an elevated guest experience with a separate and private cabin, cozy blankets and pillows available on every seat along with a self-serve social area.

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