Air France-KLM completes acquisition of a 2.3% stake in WestJet

Core Viewpoint - Air France-KLM has successfully acquired a 2.3% stake in Canadian airline WestJet, enhancing its strategic partnership with the carrier [1]. Group 1: Acquisition Details - The acquisition was completed on October 22, 2025, and was initially announced on May 9, 2025 [1]. - The stake was purchased from Delta Air Lines, which holds a 15% minority stake in WestJet, as part of a larger transaction that also involved Korean Air acquiring a 10% interest [2]. - The combined stakes from Delta Air Lines (12.7%), Korean Air (10%), and Air France-KLM (2.3%) represent a total of 25% interest in WestJet, sold by Onex Partners, WestJet's controlling shareholder [3]. Group 2: Partnership Background - Air France-KLM has been in partnership with WestJet since 2009, starting with interline ticketing, and has since expanded to include code sharing and reciprocal benefits for loyalty program members [4].