Latest news with #Onex
Hamilton Spectator
22-07-2025
- Business
- Hamilton Spectator
Onex to Announce Second Quarter 2025 Results on August 7, 2025
All amounts in U.S. dollars unless otherwise stated TORONTO, July 22, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the second quarter ended June 30, 2025 on August 7, 2025. A live broadcast of Onex' webcast to discuss the results will begin at 11:00 a.m. ET on August 7, 2025. A link to the webcast and on-line replay will be available at . About Onex Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $53.1 billion in assets under management, of which $8.3 billion is Onex' own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex' platforms. Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at . Onex' security filings can also be accessed at . For further information: Zev Korman Vice President, Shareholder Relations and Communications +1 416.362.7711
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Why are Shopify stocks soaring? Take our business and investing news quiz for the week ending May 16
Welcome to The Globe and Mail's business and investing news quiz. Join us each week to test your knowledge of the stories making headlines. Our business reporters come up with the questions, and you can show us what you know. This week: Prime Minister Mark Carney's new economy-focused cabinet was sworn in on Tuesday, including a well-known but rookie MP with a particularly buzzy title. Meanwhile, major Canadian companies Shopify and Onex were also making some big moves. But what were they up to? Take our quiz to find out.
Calgary Herald
10-05-2025
- Business
- Calgary Herald
Varcoe: Major international airlines buy stake in WestJet, amid 'transition year' for Calgary-based airline
WestJet's CEO is looking at 2025 as a 'transition year,' as transborder traffic has slowed amid U.S. trade tensions and other markets have picked up steam — and the airline now has some new international co-owners on the journey. Article content Article content On Friday, Onex Corp., which bought the country's second-largest air carrier for $5 billion in 2019 and took it private, announced the sale of 25 per cent of WestJet to two large international airlines. Article content Article content Delta and Korean Air have both been both code-share partners with WestJet for more than a decade, and the two international carriers are part of the Skyteam Airline Alliance. The deal will still see Onex, one of the country's largest private equity players, retain 75 per cent of WestJet. Article content Article content 'It's the best possible outcome for the company,' WestJet CEO Alexis von Hoensbroech said Friday in an interview. Article content 'It just solidifies the partnerships that we have and gives all the incentive on both sides, all sides, to grow these partnerships, which would be beneficial for our part, for our customers.' Article content Under the agreement, Delta also intends to sell a 2.3 per cent interest in WestJet to Air France-KLM for US$50 million. Article content 'It's not terribly surprising that it happened,' said industry analyst Chris Murray of ATB Capital Markets. Article content Article content 'Onex certainly is getting closer and closer and closer to the point where they're going to want to think about exiting their ownership of WestJet . . . For private equity sponsors, generally, there's a certain period of time between when they make an investment and when they start to divest.' Article content During a conference call on Friday, Onex CEO Bobby Le Blanc called the transaction a 'strong positive statement on WestJet's strategy' and its ability to continue to grow. Article content WestJet, which began operating in Western Canada in 1996, now flies to more than 100 destinations in the country and around the world.
CBC
10-05-2025
- Business
- CBC
Delta, Korean Air land ownership stake in Calgary-based WestJet Airlines
Onex is selling a 25 per cent stake in WestJet to two of the world's largest airlines for $550 million US. The equity firm says the partnership will expand customer benefits and strengthen connectivity between Canada, the U.S., Mexico, Europe and Asia.
CBC
09-05-2025
- Business
- CBC
Delta, Korean Air to buy 25% stake in WestJet from Onex
Delta Air Lines and Korean Air will buy a combined 25 per cent stake in WestJet from Canadian investment firm Onex, the companies announced on Friday. Under the arrangement, Delta will acquire a 15 per cent stake in the Calgary-based airline for $330 million US, while Korean Air will buy a 10 per cent stake for $220 million US, for a deal totalling $550 million US ($766.8 million Cdn). After the deal closes, Delta plans to sell a 2.3 per cent stake in WestJet to its joint venture partner Air France-KLM for $50 million US. "Delta, Korean and Air France-KLM are among the world's most prominent and best-managed airlines," Tawfiq Popatia, co-head of Onex Partners, said in a statement. "Onex is delighted to welcome them as shareholders in WestJet." Onex acquired WestJet in 2019. WestJet and Delta have been partners since February 2011, and Korean Air and WestJet have partnered since June 2012. "Investing in a world-class partner like WestJet aligns our interests and ensures that we remain focused on providing a world-class global network and customer experience for travellers in the United States and Canada," Delta CEO Ed Bastian said. Delta, Korean Air, KLM and Air France are members of the SkyTeam Airline Alliance. Air Canada is a member of the rival Star Alliance network. "This strategic partnership will enhance our global network and create long-term value for customers through greater choice and convenience," said Walter Cho, chairman and CEO of Korean Air and Hanjin Group. Airlines have engaged in consolidation through mergers, acquisitions and partnerships focused on frequent-flyer programs and rewards to dominate high-volume routes and strengthen their position against rivals.
