WestJet officially completes sale to Onex Corp.

Posted December 11, 2019 7:57 am.

Last Updated December 11, 2019 11:41 am.

CALGARY (660 NEWS) – The sale of WestJet is now complete.

Onex Corp. announced Wednesday it has officially taken over the Calgary-based company for $5 billion including assumed debt.

The closing comes following the final regulatory approval by the Canadian Transportation Agency.

Last May, Onex signed a friendly deal to buy WestJet, paying $31 per share and will keep the airline as a privately held company.

WATCH: Onex Corp to buy WestJet

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