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==Corporate affairs== ===Ownership and structure=== [[File:WestJetHQ.jpg|thumb|upright=1.3|WestJet's headquarters is based at Calgary International Airport.]] WestJet Airlines Ltd. is operated by WestJet Group, a private company, incorporated and domiciled in Canada, which since December 2019 has been owned by Toronto-based private equity firm [[Onex Corporation]].<ref>{{cite news|url=https://calgaryherald.com/business/local-business/onexs-5b-acquisition-of-westjet-closes/|title=Onex's $5B acquisition of WestJet closes|first=Amanda|last=Stephenson|work=[[Calgary Herald]]|date=December 11, 2019|access-date=April 12, 2020}}</ref> On May 13, 2019, WestJet announced that it had accepted an offer from Onex Corporation to purchase the company, a $5-billion deal that would require shareholder approval (in July) and regulatory approval. The offer was for $31 a share, substantially higher than the closing price of approximately $18 at the close of trading on the previous business day.<ref>{{cite web |url=https://www.cbc.ca/news/business/westjet-onex-private-sale-1.5134407?cmp=newsletter-Morning+Brief+May+14+2019 |title=What the sale of WestJet means for jobs, fares, routes β and investors |date=May 14, 2019 |publisher=CBC News |access-date=May 14, 2019 |quote=Ryder speculates that Onex, with its sizable war chest for acquisitions, might want to buy one of the discount airlines in Canada and merge it with Swoop, WestJet's ultra-low-cost carrier.}}</ref> Completion of the acquisition was announced on December 11, 2019, after the regulator had determined that WestJet will continue to meet Canadian ownership and control requirements if Onex amends its bylaws to ensure any matters voted on by the board of directors are done with a majority of Canadian directors present. WestJet's shares were withdrawn from the market, having previously been publicly traded on the [[Toronto Stock Exchange]] (TSX) under the symbol WJA.<ref name="2016 Report">{{cite web|title= 2016 Annual Report |date= February 6, 2017|url=https://www.westjet.com/assets/wj-web/documents/en/about-us/financialReports/WestJet2016AR.pdf|access-date= September 26, 2017}}</ref> On May 9, 2025, Onex Corporation announced its intention to sell 15% of its WestJet shares to [[Delta Air Lines]] for $330 million USD and 10% to [[Korean Air]] for $220 million USD. After the transaction is completed, Delta plans to sell 2.3% of WestJet to [[Air France-KLM]] for $50 million USD.<ref>{{Cite news |date=2025-05-09 |title=Onex selling minority stakes in WestJet to Delta and Korean Air |url=https://www.cbc.ca/news/canada/calgary/onex-selling-minority-stakes-in-westjet-to-delta-and-korean-air-1.7530830 |access-date=2025-05-09 |work=CBC News}}</ref> ====WestJet Encore==== [[File:WestJetEncoreDash8-Q400C-GEWR YYCNovember2018.jpg|thumb|[[De Havilland Canada Dash 8|De Havilland Canada Dash 8 Q400]] used by [[WestJet Encore]], a regional airline subsidiary]] {{Main|WestJet Encore}} WestJet Encore is WestJet's affiliated regional airline, which commenced operations on June 24, 2013, with a fleet of [[De Havilland Canada Dash 8]] twin-turboprop aircraft.<ref>{{cite news|url=http://business.financialpost.com/2012/11/07/westjets-new-regional-carrier-encore-aims-for-mid-june-takeoff |title=WestJet's new regional carrier Encore aims for mid-June takeoff|first=Scott|last=Deveau|work=[[Financial Post]]|date=November 7, 2012|access-date=January 17, 2013}}</ref> WestJet Encore was granted its separate Air Operator Certificate from Transport Canada, on June 12, 2013.<ref>[https://worldairlinenews.com/2013/06/12/westjet-encore-receives-its-air-operator-certificate/] World Airline News, WestJet Encore receives Air Operator Certificate. Retrieved January 29, 2018.</ref> It was set up to serve smaller communities in Canada. ====WestJet Vacations==== WestJet Vacations is a subsidiary of the [[Sunwing Vacations Group]]. The vacation arm was established to provide customers with comprehensive travel packages, combining flights and accommodations to various destinations. The service was officially launched in June 2006,<ref>{{cite web |title=WestJet Vacations marks 10 years and millions of memories |url=https://www.newswire.ca/news-releases/westjet-vacations-marks-10-years-and-millions-of-memories-581485821.html |website=www.newswire.ca |access-date=February 14, 2024}}</ref> allowing WestJet to extend its offerings beyond air travel and cater to the growing demand for all-inclusive vacation options.<ref>{{cite web |title=WestJet Annual Information 2006 |url=https://www.westjet.com/assets/wj-web/documents/en/investorMedia/financialReports/WestJet2006AIF.pdf |access-date=February 14, 2024}}</ref> WestJet Vacations offers a range of travel packages, including flights, accommodations, and sometimes car rentals or other amenities. These packages are designed to provide customers with convenience and cost savings when planning their vacations. The destinations covered by WestJet Vacations span across popular tourist spots in Mexico, the Caribbean, the United States, and other locations. ==== Sunwing Vacations Group ==== {{Main|Sunwing Vacations Group}} The recently established Sunwing Vacations Group, a part of the WestJet Group, comprises five prominent vacation and travel brands: [[Sunwing|Sunwing Vacations]], WestJet Vacations, [[Vacation Express]] (a U.S. tour operator), and travel retailers SellOffVacations.com and Luxe Destination Weddings. This development follows the WestJet Group's acquisition of Sunwing, finalized in May 2023. Despite their integration, each brand under the Sunwing Vacations Group umbrella will maintain its unique identity, collectively representing the largest vacation brands in North America, as highlighted by Andrew Dawson, President of Tour Operations for Sunwing Vacations Group.<ref>{{cite web |title=Newly created Sunwing Vacations Group is WestJet Group's vacation division |url=https://www.travelweek.ca/news/airlines/newly-created-sunwing-vacations-group-is-westjet-groups-vacation-division/ |website=Travelweek |access-date=February 14, 2024 |date=October 13, 2023}}</ref> === Former subsidiaries === ====WestJet Link==== [[File:WestJet Link YYC.jpg|thumb|A [[Saab 340]] formerly used by [[WestJet Link]], a subsidiary that connected feeder flights to WestJet hubs]] {{Main|WestJet Link}} WestJet Link, launched in June 2018, was a capacity purchase agreement with [[Pacific Coastal Airlines]] operating flights on behalf of WestJet.<ref>{{cite web|url=https://www.newswire.ca/news-releases/westjet-link-launch-delayed-672040033.html|title=WestJet Link launch delayed|website=www.newswire.ca}}</ref> The service "link[ed]" passengers from WestJet's hubs at Calgary and Vancouver to smaller communities in Western Canada using [[Saab 340|Saab 340B]] aircraft.<ref name=Link>{{cite news|url=http://westjet2.mediaroom.com/index.php?s=43&item=1296|title=WestJet introduces WestJet Link|publisher=WestJet |date=November 24, 2017 |access-date=November 25, 2017}}</ref> The agreement ended in October 2024, with WestJet transitioning most routes from Link to Encore.<ref name=":3" /> ====Swoop==== {{Main|Swoop (airline)}} Swoop was an [[Low-cost carrier#Ultra low-cost carrier|ultra low-cost carrier]] (ULCC) owned by WestJet that commenced operations on June 20, 2018. Swoop operated a fleet of Boeing [[737-800]] aircraft.<ref>{{cite web |title=Low-cost airline Swoop's maiden flight lands in Abbotsford |work=British Columbia |date=June 19, 2018 |url=https://bc.ctvnews.ca/low-cost-airline-swoop-s-maiden-flight-lands-in-abbotsford-1.3980254 |access-date=June 29, 2018}}</ref> Swoop fully integrated with WestJet's mainline operations on October 28, 2023.<ref name="end">{{cite web|url=https://www.cbc.ca/news/business/westjet-swoop-1.6871478|title=WestJet shutting down discount airline Swoop|first=Peter|last=Evans|publisher=[[CBC News]]|website=[[CBC News]].ca|date=June 9, 2023|access-date=June 9, 2023}}</ref> ===Business trends=== The key trends for the WestJet Group (including subsidiaries) are: {| class="wikitable" style="margin: 1em auto;" |- style="text-align:center;" ! (years ending December 31) ! 2012 ! 2013 ! 2014 ! 2015 ! 2016 ! 2017 ! 2018 |- | Turnover ([[Canadian dollar|C$]]m) | align=center|3,427 | align=center|3,662 | align=center|3,977 | align=center|4,029 | align=center|4,123 | align=center|4,507 ! align=center|4,733 |- | Net profit after tax (C$m) | align=center|242 | align=center|269 | align=center|317 | align=center|368 | align=center|295 | align=center|279 ! align=center|91 |- | Number of employees ([[Full-time equivalent|FTE]] at year end) | align=center|7,742 | align=center|8,000 | align=center|8,698 | align=center|9,211 | align=center|9,988 | align=center|11,089 ! align=center|11,624 |- | Number of passengers (m) | align=center|17.4 | align=center|18.5 | align=center|19.7 | align=center|20.3 | align=center|22.0 | align=center|24.1 ! align=center|25.5 |- | Passenger load factor (%) | align=center|82.8 | align=center|81.7 | align=center|81.4 | align=center|80.0 | align=center|81.8 | align=center|83.6 ! align=center|83.8 |- | Number of aircraft (at year end) | align=center|100 | align=center|113 | align=center|122 | align=center|140 | align=center|153 | align=center|168 ! align=center|177 |- | <small>''Notes/sources''</small> | align="center" |<ref name="2016 Report"/> | align="center" |<ref name="2016 Report"/> | align="center" |<ref name="2016 Report"/> | align="center" |<ref name="2016 Report"/> | align="center" |<ref name="2016 Report"/> | align="center" |<ref>{{Cite web|url=https://www.westjet.com/assets/wj-web/documents/en/about-us/financialReports/WestJet-Q4-2017-MDA.pdf|title=Management's Discussion and Analysis of Financial Condition and Operating Results for the years ended December 31, 2017 and 2016|website=www.westjet.com|access-date=March 22, 2018}}</ref> ! align="center" |<ref name="auto1"/> |} Annual accounts do not appear to have been published for 2019 onward, as WestJet became a private company that year and no longer publicizes this information.
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