{"id":1014,"date":"2025-10-28T13:03:30","date_gmt":"2025-10-28T13:03:30","guid":{"rendered":"https:\/\/zephyrsys.us\/index.php\/2025\/10\/28\/korean-air-acquires-217m-westjet-stake\/"},"modified":"2025-10-28T13:03:30","modified_gmt":"2025-10-28T13:03:30","slug":"korean-air-acquires-217m-westjet-stake","status":"publish","type":"post","link":"https:\/\/zephyrsys.us\/index.php\/2025\/10\/28\/korean-air-acquires-217m-westjet-stake\/","title":{"rendered":"Korean Air acquires $217m WestJet stake"},"content":{"rendered":"
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Korean Air has announced it has acquired a 11.02% stake in WestJet\u2019s parent companies, Kestrel Topco Inc. and Kestrel Holdings Inc, through an investment of $217m. This investment represents a 10% equity stake in Canada\u2019s second-largest airline.<\/p>\n<\/div>\n<\/div>\n

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The transaction, first agreed upon on May 9, 2025 has now been completed, with Delta Air Lines and Air France-KLM also investing in WestJet\u2019s parent companies.<\/p>\n

READ:\u00a0Leadership shift at WestJet as Ierfino leads sales and cargo integration<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n

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Walter Cho, Chairman and CEO of Hanjin Group and Korean Air, has also been appointed to WestJet\u2019s Board of Directors. Board members also include other global aviation leaders such as Benjamin Smith, CEO of Air France-KLM, and Alex Cruz, former Chairman and CEO of British Airways.<\/p>\n<\/div>\n<\/div>\n

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In addition to his ongoing role as a key leader on the International Air Transport Association (IATA)\u2019s Board of Governors since 2019, Walter Cho\u2019s appointment is expected to support future benefits for travelers and contribute to the sustainable growth of the global aviation industry.<\/p>\n<\/div>\n<\/div>\n

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The investment marks the importance of the Canadian aviation market, which was valued at $33bn in 2024 and ranked among the world\u2019s top ten, with double-digit growth since 2019.<\/p>\n<\/div>\n<\/div>\n

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Building on its ongoing integration with Asiana Airlines, Korean Air will continue to pursue diverse partnerships across the aviation market.<\/p>\n<\/div>\n<\/div>\n

The post Korean Air acquires $217m WestJet stake<\/a> appeared first on Aviation Business News<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Korean Air has announced it has acquired a 11.02% stake in WestJet\u2019s parent companies, Kestrel Topco Inc. and Kestrel Holdings Inc, through an investment of $217m. This investment represents a 10% equity stake in Canada\u2019s second-largest airline. The transaction, first agreed upon on May 9, 2025 has now been completed, with Delta Air Lines and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1014","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/1014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/comments?post=1014"}],"version-history":[{"count":0,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"wp:attachment":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}