Latest news with #OnexCorp
Globe and Mail
12-08-2025
- Business
- Globe and Mail
WestJet service resumes after early morning ground stop
WestJet Airlines said on Tuesday a return to normal operations was underway after a temporary system outage had forced the Canadian carrier to briefly halt all departures. Earlier in the day, the airline, owned by Onex Corp, requested the U.S. Federal Aviation Administration for a ground stop that affected the flights operated under the WestJet livery and its regional unit, WestJet Encore. A ground stop is an air traffic control measure that temporarily halts flights from departing for a specific airport or region, usually due to safety, weather, or operational issues. Privacy commissioner to investigate WestJet cybersecurity breach, security safeguards The system outage delayed the handover of aircraft from maintenance personnel for scheduled operations, the airline said in a statement to Reuters. 'WestJet expedited efforts to resolve the technological issue and a return to normal operations is underway,' it said.
Yahoo
12-08-2025
- Business
- Yahoo
WestJet resumes flights after system outage triggered brief ground stop
WASHINGTON (Reuters) -WestJet Airlines said on Tuesday a return to normal operations was underway after a temporary system outage had forced the Canadian carrier to briefly halt all departures. Earlier in the day, the airline, owned by Onex Corp, requested the U.S. Federal Aviation Administration for a ground stop that affected the flights operated under the WestJet livery and its regional unit, WestJet Encore. A ground stop is an air traffic control measure that temporarily halts flights from departing for a specific airport or region, usually due to safety, weather, or operational issues. The system outage delayed the handover of aircraft from maintenance personnel for scheduled operations, the airline said in a statement to Reuters. "WestJet expedited efforts to resolve the technological issue and a return to normal operations is underway," it said.
Reuters
12-08-2025
- Business
- Reuters
WestJet resumes flights after system outage triggered brief ground stop
WASHINGTON, Aug 12 (Reuters) - WestJet Airlines said on Tuesday a return to normal operations was underway after a temporary system outage had forced the Canadian carrier to briefly halt all departures. Earlier in the day, the airline, owned by Onex Corp ( opens new tab, requested the U.S. Federal Aviation Administration for a ground stop that affected the flights operated under the WestJet livery and its regional unit, WestJet Encore. A ground stop is an air traffic control measure that temporarily halts flights from departing for a specific airport or region, usually due to safety, weather, or operational issues. The system outage delayed the handover of aircraft from maintenance personnel for scheduled operations, the airline said in a statement to Reuters. "WestJet expedited efforts to resolve the technological issue and a return to normal operations is underway," it said.
CBC
09-05-2025
- Business
- CBC
Onex selling minority stakes in WestJet to Delta and Korean Air
Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air for a total of $550 million US. Under the deals announced Friday, 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. 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. Onex acquired WestJet in 2019. "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." 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.
Reuters
09-05-2025
- Business
- Reuters
Delta, Korean Air to buy 25% stake in Canada's WestJet
May 9 (Reuters) - Delta Air Lines (DAL.N), opens new tab and Korean Air Lines ( opens new tab will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp ( opens new tab, the U.S. carrier said, opens new tab on Friday. Delta will invest $330 million for a 15% stake and Korean Air will inject $220 million for a 10% interest. The U.S. airline also plans to sell and transfer a 2.3% stake in WestJet to its joint venture partner, Air France-KLM, for $50 million. WestJet, which has had various partnerships with Delta and Korean Air since 2011, will continue to be owned and controlled by Onex, Delta said. "Delta, Korean and Air France-KLM are among the world's most prominent and best-managed airlines. Onex is delighted to welcome them as shareholders in WestJet," Onex Partners Co-Head Tawfiq Popatia said. The agreement comes at a time when Canadian airlines are seeing a decline in U.S.-bound bookings following President Donald Trump's tariffs on Canada and suggestions that the country should be annexed by the U.S. Air Canada ( opens new tab, the country's largest airline and a WestJet rival, lowered its annual adjusted core profit forecast on Thursday due to the waning trans-border travel, weakening local currency and trade tensions with the U.S.
