"We are working with some dedicated and loyal WestJet frontline workers who know that by joining Unifor they can gain that voice at this pivotal time in the company's history".
However, Air Canada, which hatched its own plan to buy Canadian Airlines, made several moves to complicate the Onex bid, including adopting a poison pill created to drive up the price. Twenty years ago, it teamed up with American Airlines' parent company AMR Corp.in a hostile $1.8-billion bid, plus the assumption of deb, t to acquire and merge Canadian Airlines - then the country's second-biggest carrier - and Air Canada.
Up to Friday's close, WestJet shares had fallen 5.5% in the last 12 months while Air Canada shares gained 58%.
"WestJet is renowned internationally for its unparalleled guest experience and employee culture".
Onex has not yet spelled out its plans for WestJet, which has marketed itself as an airline where customers are treated well because employees are incentivized through opportunities for stock purchases and profit-sharing to take control of situations and solve problems.
The deal, which has a value of $5 billion including debt, is expected to close in the latter part of this year or early next year.
Alberta's Premier said on Monday that WestJet and Onex have assured him the carrier's headquarters will remain in Calgary after the deal.
The deal is much-needed for WestJet, which saw a 23-percent drop in its stock over the past five years as Air Canada has soared, according to Bloomberg.
"The WestJet board of directors, having received and considered the recommendation of the special committee, determined that the transaction is in the best interests of WestJet and unanimously recommends that WestJet shareholders vote in favor of the transaction at the special meeting of shareholders to be held to approve the transaction, " it said.
George Ferguson, an analyst for Bloomberg, said Onex could help ensure WestJet's future success.
Analyst Doug Taylor of Canaccord Genuity said the Onex deal likely will not "dramatically alter" the competitive landscape.
"By moving to private ownership, it is our hope that WestJet will have greater latitude to make long-term strategic investments, growing its fleet and global network of destinations, including direct overseas flights from Alberta", Kenney said in a statement.
A number of conditions have to be met before the sale can be finalized, including court and shareholder approval and receipt of regulatory approvals, including approval under the Canada Transportation Act. "In our view, a private equity owner of an airline is likely to remain rational with respect to its approach to yields and profitability (versus) market share".
Liverpool are bidding for their sixth European Cup, which would be their first piece of silverware under Jurgen Klopp. Speaking in an interview quoted by BBC Sport , Robertson said: "We are a tight-knit group, a young group".
Flags in Southborough and across the state are flying at half staff until sunset to honor the passing of a member of the U.S. The National Law Enforcement Officers Memorial Fund says that a total of 158 officers died in the line of duty in 2018.
Deux breaks consécutifs réalisés par l'aînée des Williams ont fait basculer définitivement le set en sa faveur. Les deux soeurs s'étaient déjà affrontées dans la capitale italienne en 1998, il y a 21 ans. " C'est fou .
Newsom and lawmakers are working on proposals related to utility liability for wildfires that could affect the bankruptcy . The fire started in the early morning hours near the community of Pulga in Butte County.
No other people were aboard but a worker at the heliport was hurt by flying debris, the fire department said on Twitter. The helicopter hit the water around 2:20 p.m., according to the Daily News, and no injuries have been reported.
Tom Cotton said Tuesday the USA could win a war with Iran in only "two strikes" amid simmering tensions between the two countries. The senator said he was not calling for war, just saying that the U.S. would win easily.
That bump will house three cameras, as well as a flash and be arranged in a big square on the back, according to the report. Aside from getting new colors, this year's iPhone XR is believed to get upgraded specs, particularly an upgraded camera.
What frustrates Johnson most is that the fallout from the Folau firestorm has taken the focus off rugby and what's happening on the field.
North Korea says it's suffering worst drought in decades
North Korea says it is suffering its worst drought in almost four decades amid concern about a food crisis in the country. However, Pyongyang City, Nampho City, Kangwon Province and North and South Hwanghae provinces have seen no rainfall.
US halts flights to Venezuela, citing security concerns
Department of Transportation on Wednesday suspended all flights between the U.S. and the troubled South American nation. Federal Aviation Administration prohibited U.S. air operators from flying below 26,000 feet in Venezuela's airspace.
Game time announced for Clemson-Syracuse
ESPN announced Wednesday that the Clemson-Syracuse game on September 14 will be televised prime-time at 7:30 p.m. on ABC. The soldout game against Clemson will be the home opener for the Orange as well as the University's Homecoming weekend.
Enlèvement de la fille d'un convoyeur
Le 8 février 2018, la jeune femme affirme avoir été kidnappée à son domicile, en fin d'après-midi, par deux faux plombiers. Notamment parce que 260 000 euros avaient été retrouvés dans un carton enterré dans une forêt.
Alonso crashes on 2nd day of Indy 500 practice
The No. 66 McLaren entry had electrical issues on day one of Indy 500 practice and was hoping to put his trouble in the past. Things aren't looking good for Spanish racer Fernando Alonso as he prepares for his second attempt at the Indianapolis 500.