Air France-KLM Finalizes 2.3% WestJet Stake, Increases Ownership with Delta, Korean Air
Air France-KLM has achieved a significant milestone by acquiring a 2.3% stake in WestJet. This purchase, finalized on October 23, 2025, enhances its partnership with the Canadian airline.
Details of the Acquisition
The acquisition was completed as part of a broader coordinated investment among three airlines. Initially announced on May 9, 2025, Air France-KLM purchased the stake from Delta Air Lines. Delta had previously obtained a 15% interest in WestJet.
Combined Ownership Structure
The recent transactions result in a combined 25% ownership in WestJet among the three airlines:
- Delta Air Lines: 12.7%
- Korean Air: 10%
- Air France-KLM: 2.3%
This stake was sold by funds and co-investors linked with Onex Partners, the controlling shareholder of WestJet.
Partnership History
Air France-KLM and WestJet have collaborated since 2009, beginning with interline ticketing agreements. Over the years, their partnership has expanded to include codeshare flights and mutual loyalty programs, enhancing travel options for their customers.
Key Dates
| Date | Event |
|---|---|
| May 9, 2025 | Announcement of the stake acquisition |
| October 22-23, 2025 | Completion of the share purchases |
| October 23, 2025 | Finalization of Air France-KLM’s 2.3% stake |
This investment represents an important step for Air France-KLM in strengthening its ties with WestJet, further solidifying their presence in the North American market. As the airlines continue to build on their mutual relationship, customers are likely to benefit from enhanced service offerings.
