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WestJet sold 25% to foreign airlines, including Delta, Korean Air, and Air France-KLM, boosting international expansion while Onex fully recoups its 2019 investment.
On October 22, 2025, WestJet completed a deal selling a 25% stake to foreign airlines, with Delta Air Lines acquiring 12.7%, Korean Air 10%, and Air France-KLM 2.3%, following a transaction that allows Onex Corp. to fully recoup its $5 billion 2019 investment.
The move strengthens international partnerships, supports WestJet’s expansion, particularly to Asia, and enhances connectivity.
The airline, now with 200 aircraft and a record order for 67 Boeing planes, remains under Onex control with a 75% stake.
The deal reflects broader trends in global aviation alliances and comes amid a Competition Bureau recommendation to raise Canada’s foreign ownership cap to 100% to boost competition, though concerns persist over regional route sustainability.
WestJet vendió un 25% a aerolíneas extranjeras, incluidas Delta, Korean Air y Air France-KLM, impulsando la expansión internacional mientras que Onex recupera por completo su inversión de 2019.