Delta Air Lines, Korean Air and Air France-KLM have finalized their minority share purchase in Canadian carrier WestJet, splitting 25% of the company between them.
On October 22, 2025, WestJet’s majority shareholder Onex Partners confirmed that the sale had been completed after first being announced in May 2025.
“Our new partners are widely regarded as among the best-performing and most innovative airlines in the world,” said Tawfiq Popatia, Head of Onex Partners and Board Director at WestJet. “This investment has created a terrific amount of value for Onex Partners and its investors to date, including through the unprecedented headwinds posed by the pandemic. We look forward to building on this track record for all of WestJet’s investors, both new and continuing.”
Under the terms of agreement Delta purchased a 15% minority equity stake but sold and transferred a 2.3% stake to Air France-KLM, while Korean Air acquired 10%.
In May 2025, it was announced that Delta would pay around $330 million for 15% and Korean Air around $220 million in exchange for 10%.
Delta has made equity investments with several international partners, including Air France-KLM, LATAM, Aeromexico, Virgin Atlantic, China Eastern and Korean Air’s parent company, Hanjin KAL.
The Onex Group, which includes Onex Partners, will continue to own and control WestJet, retaining 75% of its original investment.
“This closing marks a milestone in our airline partnerships, building on existing relationships and reflecting confidence in WestJet’s strategy, performance, and people,” said Alexis von Hoensbroech, CEO of WestJet. “We are proud to welcome our new airline shareholders and look forward to further strengthening our partnerships with their airlines to create long-term value for guests.”
