WestJet buyout, Air Transat-Air Canada talks — how they could impact prices and travel - Global News

Canada’s aviation industry is potentially seeing some major shakeups.On Monday, it was revealed that Toronto-based Onex Corp. will buy WestJet Airlines Ltd.And on Thursday, it emerged that Air Canada is in exclusive talks to buy Air Transat and numerous associated vacation travel businesses.READ MORE: Onex takeover of WestJet could bring more business-class choice, flights to AsiaInvestment company Onex’s $5 billion buyout of WestJet is set to be completed — subject to a number of conditions, including court, regulatory and shareholder approvals — in the latter part of 2019 or early 2020.WATCH: Calgary-based Westjet to be purchased by Onex Corporation in multi-billion dollar deal.

from Business - Latest - Google News http://bit.ly/2Hnig3q
via IFTTT
May 17, 2019 at 09:27AM