Onex Selling Minority Stakes in WestJet to Delta and Korean Air

WestJet passenger jets arec shown parked at departure gates at the Calgary International Airport on May 31, 2023. The Canadian Press/Jeff McIntosh

Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air for a total of US$550 million.

Under the deals announced Friday, Delta will acquire a 15 percent stake in the Calgary-based airline for US$330 million, while Korean Air will buy a 10 percent stake for US$220 million.