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WestJet's acquisition of Sunwing Airlines cleared for takeoff by Ottawa

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WestJet's planned takeover of rival Sunwing Airlines was approved by Canadian Transportation Minister Omar Alghabra on Friday, clearing the runway for a major shakeup in the airline industry.

The deal was first announced in March 2022, the deal will see Calgary-based WestJet acquire Toronto's Sunwing, as well as its tour operation business. Alghabra attached a number of stipulations to the deal as conditions for its approval aimed at addressing concerns about reduced competition and job losses as a result of the deal.

As Kyle Benning reports, the merger comes at a time when Canadians remain concerned about air travel after passengers saw numerous delays and cancellations over the previous winter and summer seasons.

For more info, please go to https://globalnews.ca/news/9542918/westjet-sunwing-acquisition-approval/
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Category
U.S. & Canada
Tags
global news, Sunwing, Westjet
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