Air Canada’s plans to acquire Air Transat moved forward this week, with the two companies announcing conclusion of a definitive agreement for their combination.
private equity
WestJet takes a $5 billion buyout from Onex
Very little in the global commercial aviation world can be adjusted successfully in three month increments. Today’s buyout news from WestJet give the carrier the opportunity to take a longer-term view of the market.
PaxEx Premium: Inmarsat set to go private, change very little
Inmarsat's financial future appears secured. A consortium of investors is poised to invest $3.4bn in the company, taking it private. The price tag represents a 45% premium from the trading rate on the day prior to speculation about the deal becoming public and 27% to the price when the official offer was published. Inmarsat's Board of Directors unanimously recommends the deal and committed their respective shares to vote in favor. The investment group is operating under the name Triton Bidco and is backed by Apax Funds, Warburg Pincus Funds, the Canada Pension Plan and the Ontario Teachers' Pension Plan.
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