Onex sells 25% of WestJet to Delta, Korean Air and Air France‑KLM

Onex Partners has closed the sale of a 25% minority stake in WestJet to Delta Air Lines, Korean Air and Air France‑KLM. Delta acquired about 15% and Korean Air roughly 11.02%; Onex will retain a 75% holding and control of the airline.

Discovered 2025-10-22T13:20:44.296564-07:00 | 2025-10-22T13:20:44.296564-07:00

Briefing

What Hype is tracking

  • The transaction formally transfers a 25% minority stake in WestJet to global carriers — with Delta taking ~15% and Korean Air ~11.02% — while Onex retains 75% and operational control.

  • The minority investments align with WestJet’s fleet and network expansion, including its largest‑ever Boeing order (60 737‑10 MAX and seven 787‑9s), underpinning planned long‑haul growth.

  • Korean Air’s closing follows a previously announced delay to the transaction and, together with recent interline deals such as WestJet’s tie‑ups with Copa, formalises partnerships that could accelerate transpacific and transatlantic connectivity.

Reported By

aerospaceglobalnews.com Aviation Business News LARA Runway Girl travelandtourworld.com airfranceklm.com
Sources Tracked
41
First Seen
2025-10-22T13:20:44.296564-07:00
Latest Update
2025-10-28T08:23:52.166235-07:00
Coverage
Aviation

Sources

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