MONTREAL — The federal government gave the thumbs-up Friday to WestJet Airlines' takeover of Sunwing Airlines and Sunwing Vacations in a major consolidation of the Canadian aviation market following a tumultuous year for travel.
Proposed last March, the takeover will see Calgary-based WestJet bolster its vacation package offerings as it adds the tour operator to its fleet, though the two brands will be marketed separately.
The transport minister has attached conditions to the acquisition that include extending Sunwing packages to five new cities, maintaining capacity on the most affected routes and keeping both a vacations business head office in Toronto and a regional one in Montreal for at least five years. 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 regulator said eliminating the rivalry between the two will likely reduce or prevent competition in the sale of vacation packages to Canadians.
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