WebMar 2, 2024 · WestJet Airlines Ltd. is buying Toronto-based rival Sunwing Airlines Inc. in an effort to tap into the vacation travel market as COVID-19 restrictions ease. The companies say the takeover,... WebMar 10, 2024 · WestJet is owned by Onex Corp. The two companies previously stated that if the acquisition was approved, the two brands would continue to be marketed separately, …
Canadian government approves WestJet
WebMar 2, 2024 · Toronto-based Sunwing is controlled by the Hunter family — Germany's TUI Group owns the other 49 per cent of the airline — and Calgary-based WestJet was purchased by Onex Corp. for $3.5 ... WebMar 10, 2024 · Unlike that deal, WestJet’s merger with Sunwing is not subject to review by non-Canadian regulators. WestJet and Sunwing can now close their transaction. The present deal also differs from the regulatory landscape of the United States, where JetBlue’s $3.8 billion purchase of Spirit Airlines requires securing the approval of both the ... robert luff brighton
Competition Bureau has
WebMar 2, 2024 · Sunwing has fewer than 2,500 on staff and operates 40 aircraft in winter and 10 in summer. It owns 18 of those planes, which are included in the WestJet purchase. Both CEOs said no layoffs would result from the takeover. “There will be less aircraft from Europe, which means more aircraft from Canada being staffed with Canadian crews. WebApr 12, 2024 · , as well as Canadians who have already purchased tickets,” he said in a statement. as reported REPORTUR.usTransat has admitted to being spooked by the merger of Westjet and Sunwing because it believes it will “significantly” harm competition in the Canadian leisure travel segment, said Transat AT chief executive Annick Guérard. … WebMar 2, 2024 · WestJet and Sunwing announced today that they have reached a definitive agreement under which the WestJet Group of companies will acquire Sunwing Vacations and Sunwing Airlines. The transaction will bring together two distinctly Canadian travel … robert luff goring