Airlines News

WestJet shareholders approve airline’s acquisition by Onex Corp.

CALGARY — WestJet Airlines Ltd. says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation.

The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.

WestJet and Onex entered into an agreement May 12 for Onex to pay $31 per share for WestJet.

The deal would see the airline, which has been listed for about two decades on the Toronto Stock Exchange, operate as a privately held company.

WestJet CEO Ed Sims says in a statement that receiving this…

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