Proposed last March, the takeover will see Calgary\u002Dbased WestJet bolster its vacation package offerings
Last fall the Competition Bureau warned that the purchase by Canada’s second-biggest airline would likely result in higher prices and decreased services, particularly around package deals.
Among the other conditions are a requirement to improve “regional connectivity” and baggage handling, boost net employment at Sunwing’s Toronto office and “gradually” end its seasonal plane-leasing practice to protect jobs in Canada.Article content Both companies are private outfits, with parent Sunwing Travel Group majority-owned by the Hunter family and WestJet owned by Toronto-based investment manager Onex Corp. after it took the airline private in a $5-billion deal in 2019.
“The proposed transaction will result in one of Canada’s largest integrated tour operators being acquired by one of its primary rivals in the provision of vacation packages,” it stated.
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