Aviation Strategy

Onex and WestJet:
Local and global fall-out — May 2019

In May Onex, a private equity fund, made a successful bid for WestJet, offering C$3.5bn (US$2.6bn), or C$31 per share, roughly 67% above the C$2.1bn that the Toronto stockmarket had been valuing the airline at for the past year. This is a development that will not only shake up the Canadian market but could have wider repercussions for international competition. ……

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