The Calgary based airline, who was approached by the Onex Corp, a Toronto-based company, in March has now been sold, which came as a surprise since WestJet was not looking to sell, and Onex was not looking to purchase. Sold for $5 billion including the debt, West Jet will operate privately as of late 2019 to early 2020,. With the new agreement Onex will pay $31 per share, or $3.5 billion, for WestJet.