WestJet Group provides update about Sunwing transaction
Canadian Government issues order finding that the transaction is in the public interest
The WestJet Group today issued a statement following the Government of Canada’s issuance of an order finding that the proposed acquisition of Sunwing Vacations and Sunwing Airlines is in the public interest, taking into account certain measures.
“We are pleased that the regulatory review of the transaction is now complete” said Angela Avery, WestJet Group Executive Vice-President and Chief People, Corporate & Sustainability Officer. “We thank the Minister of Transport and the Commissioner of Competition, and the staff of Transport Canada, the Competition Bureau, and the Canadian Transportation Agency, for their efforts to review the transaction.”
The issuance of the order is an important milestone in the process toward closing the transaction.