WestJet to buy Sunwing amid turbulent global travel market

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

WestJet Airlines to buy Sunwing

WestJet Airlines Ltd. announced a deal to buy Sunwing Airlines Inc., as competition in the Canadian travel market heats up.

Financial terms of the deal, which will see Sunwing's current shareholders become equity holders in the WestJet Group, were not disclosed. WestJet chief executive Alexis von Hoensbroech says the deal brings together two highly complementary businesses. Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc. and will be led by Sunwing CEO Stephen Hunter.

Both airlines are privately held. 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 WestJest was purchased by Onex Corp. in 2019.This report by The Canadian Press was first published March 2, 2022.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Now we can kiss good bye to reasonable prices we had with Sunwing...

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Fertilizer stocks soar over Ukraine worries | Globalnews.caNutrien’s share prices are up 14 per cent since last week amid market worries that the war in Ukraine could exacerbate a global supply shortage.
Källa: GlobalNational - 🏆 81. / 51 Läs mer »