The company said Delta and Korean Air will acquire independent equity stakes totaling 25% in WestJet from the Onex Group for US$550 million. The agreement is subject to certain regulatory approvals.

8-KRegulation FD DisclosureFiled May 9, 2025Period of report May 9, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

The company said Delta and Korean Air will acquire independent equity stakes totaling 25% in WestJet from the Onex Group for US$550 million. The agreement is subject to certain regulatory approvals.
Delta said it will invest US$330 million to acquire a 15% stake in WestJet, and Korean Air will invest US$220 million for a 10% stake.
The company said that upon closing, it has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM for US$50 million. This separate transaction would remain subject to certain Air France-KLM approvals.
The company said the Onex Group will continue to own and control WestJet, which is headquartered in Calgary, Alberta. It also said Delta and WestJet have been partners since February 2011.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

WestJet 25% stake acquisition agreement

The company said Delta and Korean Air will acquire independent equity stakes totaling 25% in WestJet from the Onex Group for US$550 million. The agreement is subject to certain regulatory approvals.

Source · Based on the filing body and exhibits

Delta investment amount and stake size

Delta said it will invest US$330 million to acquire a 15% stake in WestJet, and Korean Air will invest US$220 million for a 10% stake.

Source · Based on the filing body and exhibits

Planned stake transfer to Air France-KLM

The company said that upon closing, it has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM for US$50 million. This separate transaction would remain subject to certain Air France-KLM approvals.

Source · Based on the filing body and exhibits

WestJet ownership structure and existing partnership

The company said the Onex Group will continue to own and control WestJet, which is headquartered in Calgary, Alberta. It also said Delta and WestJet have been partners since February 2011.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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