WINNIPEG — The wealthy Canadian behind a deal to buy WestJet has a reputation for his stellar business acumen and for owning a mansion among mansions in downtown Toronto, but a longtime family friend and associate say the titan has not forgotten his humbler beginnings.
On Monday it was announced that Toronto-based private equity firm Onex Corp. signed a deal to buy the Calgary-based airline for $3.5 billion. The man behind the yoke of the transaction for Onex is its 77-year-old founder and chief executive officer, Gerald Schwartz.
Ultra-low-cost airline Swoop has added new routes between Winnipeg and Kelowna, B.C. as part of its summer schedule.
The WestJet-affiliated airline will offer service between Manitoba’s capital and the Okanagan three times per week for $119. The schedule also sees the return of the seasonal route between Abbotsford, B.C. and Winnipeg four times per week for $129.