WestJet aims to go private with $5 Billion sale

Photo via @ace.yyc Instagram

Calgary-based airline WestJet is most likely going private, after being acquired by investment firm Onex in a deal valued at $5B. Of course, the deal is subject to a variety of conditions, including a shareholder vote in July.

However, those conditions didn’t stop the WestJet stock price from jumping roughly 60% between Friday and Monday. Shoutout to those savvy investors that held shares- you guys got a great break.

Related Posts:
An exclusive look at Van’s “strangest” brewery
Guide: 7 great power lunches in Downtown Van


View this post on Instagram


A post shared by @westjet on

Related Posts:
See how YVR ranked among Canada’s best airports
A blog ranked the 150 best airlines in the world

For being just over 2 decades old, WestJet sure has seen some success. They started with 5 planes and they’re now at 185. Meanwhile, 5 destinations have turned into 114. Finally, a staff of roughly 220 has grown to over 14,000.

Is it really going to affect your next plane ride? Probably not, but it’s fun to stay up to date on these kinds of massive deals.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.