A WestJet Boeing 737-800 airplane is seen here flying over British Columbia on Feb. 5, 2019. A new deal with Onex will allow the airline to remain operating as a privately held company.in a deal it valued at $5 billion, including assumed debt.
Under the agreement, Onex will pay $31 per share for WestJet, which will continue to operate as a privately held company.WestJet founder and chairman Clive Beddoe said Onex is an ideal partner for the airline. "I am particularly pleased that WestJet will remain headquartered in Calgary and will continue to build on the success that our 14,000 WestJetters have created," Beddoe said in a statement.
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