Sunwing Airlines news

2022 - 3 - 2

Sunwing Airlines

Post cover — Image courtesy of "Nelson Star"

WestJet Airlines to buy Sunwing Airlines (Nelson Star)

Under the agreement, WestJet will create a new tour operator unit headed by Sunwing CEO Stephen Hunter that includes Sunwing Vacations and WestJet Vacations as ...

The agreement, which is subject to regulatory approvals, is expected to close late this year. “Onex has the money. Currently, Sunwing supplements seasonal demand with imported aircraft. 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 WestJet was purchased by Onex Corp. for $3.5 billion in 2019. Under the agreement, WestJet will create a new tour operator unit headed by Sunwing CEO Stephen Hunter that includes Sunwing Vacations and WestJet Vacations as separate brands. The WestJet Group has announced a deal to buy Sunwing Airlines and Sunwing Vacations, marking a foray into the holiday tour market as competition among Canadian carriers heats up.

WestJet Airlines to acquire Sunwing | CBC News (CBC.ca)

WestJet Airlines Ltd. is acquiring Sunwing Airlines Inc., as competition in the Canadian travel market heats up.

With airlines like Porter and Flair planning to expand their presence in Sunwing markets, Gradek said a "bloodbath" is on the way. As for WestJet, Gradek said its interest in Sunwing is likely driven by its brand appeal and the opportunity to expand into the Eastern Canada market. Currently, Sunwing supplements seasonal demand with imported aircraft. "Consolidation is starting to happen in the industry," said Gradek. WestJet and Sunwing "will respect all arrangements with union and employee associations," WestJet said in a release. "This is positive overall," she said in a phone interview with the Canadian Press, observing that the deal suggests faith in a travel market rebound.

Canada's low-cost carrier WestJet to buy rival Sunwing Airlines (Reuters)

Canadian airline WestJet Group, owned by private equity firm Onex Corp , said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed ...

ATB Financial analyst Chris Murray said he did not expect the deal would create much new capacity. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

WestJet Group to buy Sunwing Airlines amid turbulent global travel ... (Ottawa Business Journal)

Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations ...

The deal, which is subject to regulatory approvals, is expected to close late this year. 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. Financial terms of the deal, which will see Sunwing's current shareholders become equity holders in the WestJet Group, were not disclosed.

CUPE 4070 reacts to WestJet acquisition of Sunwing Airlines (cupe.ca)

We hope the deal means expansion and stability for our company. We also acknowledge that this news creates uncertainty and anxiety, in particular for ...