WestJet officially completes sale to Onex Corp.
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.
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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