WestJet CEO says $5B deal will give company long-term stability

WestJet’s CEO says a $5 billion offer to buy the Calgary-based airline will provide stability for the company and allow them to focus on long-term goals. The all-cash offer from Onex Corporation, a Toronto based private equity firm, was announced Monday. WestJet has accepted but the offer still has to go through a number of regulatory hurdles and must be approved by shareholders. Terms of the deal will see Onex Corporation and its affiliated funds acquire all outstanding shares of WestJet