Air France-KLM (OTC:AFLYY) completed the purchase of a 2.3% stake in WestJet on October 23, 2025. The stake was bought from Delta Air Lines and was first announced on May 9, 2025.
The transaction is part of a coordinated set of share purchases that closed on October 22–23, 2025, producing a 25% combined interest held by three airlines (Delta 12.7%, Korean Air 10%, Air France-KLM 2.3%), sold by funds and co-investors affiliated with Onex Partners, WestJet’s controlling shareholder. Air France-KLM and WestJet have partnered since 2009 with interline ticketing, later adding codeshares and reciprocal loyalty benefits.
Air France-KLM (OTC:AFLYY) ha completato l’acquisto di una partecipazione del 2,3% in WestJet il 23 ottobre 2025. La partecipazione è stata acquistata da Delta Air Lines ed è stata annunciata per la prima volta il 9 maggio 2025.
La transazione rientra in un insieme coordinato di acquisti di azioni che si è chiuso il 22-23 ottobre 2025, producendo un interesse combinato del 25% detenuto da tre compagnie aeree (Delta 12,7%, Korean Air 10%, Air France-KLM 2,3%), venduta da fondi e co-investitori affiliati a Onex Partners, azionista di controllo di WestJet. Air France-KLM e WestJet collaborano dal 2009 con l’emissione interline, aggiungendo in seguito codici di linea (codeshares) e benefici di fidelizzazione reciproca.
Air France-KLM (OTC:AFLYY) completó la compra de una participación del 2,3% en WestJet el 23 de octubre de 2025. La participación fue adquirida a Delta Air Lines y se anunció por primera vez el 9 de mayo de 2025.
La operación forma parte de un conjunto coordinado de compras de acciones que se cerró el 22-23 de octubre de 2025, resultando en un interés combinado del 25% mantenido por tres aerolíneas (Delta 12,7%, Korean Air 10%, Air France-KLM 2,3%), vendida por fondos y co-inversores afiliados a Onex Partners, accionista mayoritario de WestJet. Air France-KLM y WestJet han formado una asociación desde 2009 con billetes interline, y más tarde agregaron codeshares y beneficios de lealtad recíprocos.
에어 프랑스-KLM(OTC:AFLYY)가 웨스트잇(WestJet) 지분 2.3%을 2025년 10월 23일에 매입했다. 이 지분은 델타 항공(Delta Air Lines)로부터 매입되었으며 처음 발표된 날짜는 2025년 5월 9일이다.
거래는 2025년 10월 22-23일에 마감된 일련의 조정된 주식 매입의 일부로, 세 항공사가 공동으로 보유하는 25%의 공동 지분을 만들어냈으며(델타 12.7%, 대한항공 10%, 에어 프랑스-KLM 2.3%), WestJet의 지배주주인 Onex Partners가 펀드 및 공동투자자들에 의해 매각했다. 에어 프랑스-KLM과 WestJet은 2009년부터 상호 간의 인터라인 티켓 발권을 시작했고, 이후 codeshares 및 상호 로열티 혜택을 추가했다.
Air France-KLM (OTC:AFLYY) a conclu l’achat d’une participation de 2,3% dans WestJet le 23 octobre 2025. La participation a été achetée à Delta Air Lines et a été annoncée pour la première fois le 9 mai 2025.
La transaction fait partie d’un ensemble coordonné d’achats d’actions qui s’est clôturé les 22–23 octobre 2025, entraînant une intérêt combiné de 25% détenu par trois compagnies aériennes (Delta 12,7%, Korean Air 10%, Air France-KLM 2,3%), vendu par des fonds et des co-investisseurs affiliés à Onex Partners, l’actionnaire contrôlant de WestJet. Air France-KLM et WestJet collaborent depuis 2009 avec l’interlining, puis ont ajouté des accords de partage de codes (codeshares) et des avantages de fidélité réciproques.
Air France-KLM (OTC:AFLYY) schloss den Erwerb einer 2,3%-Beteiligung an WestJet am 23. Oktober 2025 ab. Die Beteiligung wurde von Delta Air Lines erworben und erstmals am 9. Mai 2025 angekündigt.
Die Transaktion ist Teil eines koordinierten Satzes von Aktienkäufen, der am 22.–23. Oktober 2025 abgeschlossen wurde und zu einem 25%-Gesamtanteil führt, gehalten von drei Fluggesellschaften (Delta 12,7%, Korean Air 10%, Air France-KLM 2,3%), verkauft von Fonds und Co-Investoren, die mit Onex Partners verbunden sind, dem Mehrheitsaktionär von WestJet. Air France-KLM und WestJet arbeiten seit 2009 zusammen mit Interline-Ticketing und ergänzten später Codesharing und gegenseitige Treuevorteile.
Air France-KLM (OTC:AFLYY) أكملت شراء حصة 2.3% في WestJet في 23 أكتوبر 2025. تم شراء الحصة من Delta Air Lines وتم الإعلان عنها لأول مرة في 9 مايو 2025.
الصفقة جزء من حزمة من عمليات شراء الأسهم المنسقة التي أُغلِقت في تاريخ 22-23 أكتوبر 2025، وأسفرت عن مصلحة إجمالية نسبتها 25% مملوكة لثلاث خطوط جوية (Delta 12.7%، Korean Air 10%، Air France-KLM 2.3%)، باعها صناديق ومشاركون متآزرون مرتبطون بـOnex Partners، المالك المسيطر لـ WestJet. وتعاونت Air France-KLM وWestJet منذ 2009 عبر إصدار التذاكر بين الشبكات Interline، وأضيفت لاحقًا مساهمات المشاركة بالرمز (codeshares) ومزايا ولاء متبادلة.
Positive
- Acquired a 2.3% stake in WestJet on Oct 23, 2025
- Combined airline ownership totals 25% (Delta 12.7%, Korean Air 10%, Air France-KLM 2.3%)
Negative
- Minority 2.3% stake offers limited direct governance influence
10/23/2025 – 02:00 AM
Paris, October 23, 2025
Air France-KLM completes acquisition of a 2.3% stake in WestJet
Air France-KLM today announced that it has completed the acquisition of a 2.3% stake in Canadian carrier WestJet.
This transaction was initially announced on May 9th, 2025.
Air France-KLM purchased that stake from its joint venture partner Delta Air Lines, which had taken a 15% minority stake in WestJet, as part of a previously announced separate transaction also involving Korean Air’s purchase of a 10% interest. That transaction closed yesterday, on October 22nd, 2025.
The shares purchased by all three airlines represent a 25% combined interest (Delta Air Lines: 12.7%, Korean Air: 10% and Air France-KLM: 2.3%), sold by funds and co-investors affiliated with Onex Partners, a Canadian investor and alternative asset manager which is WestJet’s controlling shareholder. Link to WestJet press release here.
Air France-KLM has partnered with WestJet since 2009, with the launch of interline ticketing. Since that time, the partnership has grown to include code sharing and reciprocal benefits for loyalty members.
Investor Relations
Michiel Klinkers Marouane Mami
michiel.klinkers@airfranceklm.com marouane.mami@airfranceklm.com
Website : www.airfranceklm.com
- Air France-KLM completes acquisition of a 2.3% stake in WestJet
FAQ
What stake did Air France-KLM (AFLYY) acquire in WestJet and when?
Air France-KLM acquired a 2.3% stake in WestJet, completed on October 23, 2025.
How much combined ownership do airlines now hold in WestJet after the Oct 2025 transactions?
The three airlines together hold a 25% combined interest (Delta 12.7%, Korean Air 10%, Air France-KLM 2.3%).
From whom did Air France-KLM buy the WestJet shares?
Air France-KLM purchased the 2.3% stake from Delta Air Lines as part of the coordinated transactions sold by funds and co-investors affiliated with Onex Partners.
When was Air France-KLM’s purchase of WestJet first announced?
The transaction was initially announced on May 9, 2025.
What is the history of the partnership between Air France-KLM and WestJet?
Air France-KLM and WestJet have partnered since 2009, starting with interline ticketing and later expanding to codeshares and reciprocal loyalty benefits.
Who can investors contact at Air France-KLM for questions about the WestJet stake?
Investor contacts listed are Michiel Klinkers and Marouane Mami with emails michiel.klinkers@airfranceklm.com and marouane.mami@airfranceklm.com.
