Back to today’s briefing

Story perspectives

Onex Corp to IPO WestJet After Major Stake Sale

10/24/2025

37 3

Summary

Story summary

Onex Corp plans to publicly list WestJet after selling a 25% stake to Delta Air Lines, Korean Air, and Air France-KLM, securing significant profits.
WestJet CEO Tawfiq Popatia says the IPO is a natural next step for the capital-intensive airline.
Under WestJet CEO Alexis von Hoensbroech, the airline focused on western Canadian airports and expanded routes, and Onex's sale marks a win for its equity unit to resume fundraising in 2026.

1 of 1

Story summary

Onex Corp plans to publicly list WestJet after selling a 25% stake to Delta Air Lines, Korean Air, and Air France-KLM, securing significant profits.
WestJet CEO Tawfiq Popatia says the IPO is a natural next step for the capital-intensive airline.
Under WestJet CEO Alexis von Hoensbroech, the airline focused on western Canadian airports and expanded routes, and Onex's sale marks a win for its equity unit to resume fundraising in 2026.