Both companies strengthened by merger under the influence of pandemic

Promote growth and job creation

Bringing exciting opportunities to WestJet and Sunwing employees as part of a vibrant state-owned airline

Calgary, Alberta When Toronto, on, March 2, 2022 / CNW /-WestJet and Sunwing announced today that WestJet Group companies have reached a final agreement to acquire Sunwing Vacation and Sunwing Airlines. The deal brings together two clear Canadian travel and tourism success stories, offering travelers new travel options and greater value in a rapidly expanding leisure and travel market where they can work from anywhere. This combination will allow both companies to protect and create jobs and rebuild their power in the Canadian travel industry at critical times.

WestJet Logo (CNW Group / WESTJET, Alberta Partnership)

After the transaction closes, a new Tour Operator Business Unit will be created under the WestJet Group, including both Sunwing Vacations and WestJet Vacations Inc., led by Sunwing CEO. Stephen hunter.. Sunwing’s current shareholders will be WestJet Group shareholders.

The collective strength of the company will enable Canadian travelers to take advantage of more competitive airfares and affordable vacation packages.Tour operator business will be the headquarters TorontoWith Quebec main office Laval And the business will continue to sell the Sunwing brand with WestJet Vacations. WestJet Group will maintain its headquarters in the following locations: Calgary..

WestJet Group companies will expand to include Sunwing Airlines. This will increase capacity and allow seasonal aircraft to operate all year round. CanadaInstead of Sunwing supplementing seasonal demand with imported aircraft, it will lead to more jobs for Canadians. With this acquisition, WestJet Group will be able to offer more affordable fares by quickly expanding its low-cost footprint. Canada..

“This is WestJet, Sunwing, and Canada’s WestJet CEO Alexis von Hoensbroech said:

“This combination will be together Canada’s Two original low-cost carriers, positioning us to accelerate the growth of value-oriented travel, which is already the fastest growing segment of the airline market. It created new opportunities for our people, our operating partners, from a pandemic that was particularly difficult for Canada’s travel and tourism industry, including local airports and companies with which we work closely. We support the recovery of von Hoens Brooch, “added von Hoens Brooch.

Stephen hunterThe CEO of Sunwing said: The combination of a strong balance sheet and growth trajectory combined with Sunwing’s unparalleled expertise in creating differentiated vacation packages ensures the success of the new vacation sector. My team and I are excited about the future and look forward to providing more vacation destinations. Affordable Canadian. “

WestJet Group and Sunwing will build on the history of constructive labor relations and will respect all arrangements with unions and employee associations, including those currently underway and those currently under negotiation. increase.

As a result of the resilience created by the transaction, Sunwing expects to no longer need the Pandemic Large Employer Emergency Financing Facility (LEEFF) Sunwing, which was acquired from the Government of Canada in early 2021.

The combination, which remains regulatoryly approved, is expected to end in late 2022.

WestJet Alexis von Hoensbroech and Sunwing Video Stephen hunter It is available for download here..

Advisor
Barclays is WestJet’s Chief Financial Advisor, with additional advisories provided by Morgan Stanley & Company LLC, Canacode Genuity Corporation and RBC Capital Markets LLC. Goodmans LLP is WestJet’s legal counsel.

About WestJet Group Companies
In the 26 years since serving Canadians, WestJet has cut airfare in half and increased Canada’s flight population to more than 50%. WestJet was launched in 1996 with three aircraft, 250 employees and five destinations, and has grown to more than 180 aircraft, 14,000 employees and more than 100 destinations in 23 pre-pandemic countries. Did.

Wewww.westjet.com since the start of the pandemichttps://www.westjet.com/en-caThe stJet Group of Companies has built a layered framework for safety measures so that Canadians can continue to travel safely and responsibly to airlines. Safer than anything else Hygiene program www.westjet.comm. During this time, WestJet has maintained its position as one of the top 10 scheduled airlines in North America, nominated by Cirium.

For more information on WestJet, please visit: www.westjet.com..

recently recognition Included:
-No. 1 in Canada’s airline loyalty program for 2020/2019 membership engagement (Bond Brand Loyalty)
-2019/2018/2017 Canada’s Best Airlines (TripAdvisor Travelers’ Choice Awards Airlines)
-2019 winners among medium-sized airlines in North America (Airline TripAdvisor Travelers’ Choice Awards)
-2019/2018 Canada’s number one airline credit card (Rewards Canada)

About Sun Wing
The largest comprehensive travel agency in North AmericaSunwing has more flights to the south than any other leisure airline, and direct flights from the airport are convenient. Canada To the whole popular sun destination USA, Caribbean, Mexico When Central America.. This scale allows Sunwing to offer its customers special discounts, cruise packages and seasonal domestic services at prestigious resorts at its most popular vacation destinations. Sunwing guests will be greeted upon arrival and assisted throughout their vacation journey with the help of representatives of the company’s knowledgeable destinations. The company supports its communities through the Sunwing Foundation, a charitable initiative focused on supporting and nurturing youth and humanitarian assistance.

Sunwing Logo (CNW Group / WESTJET, Alberta Partnership)

Sunwing Logo (CNW Group / WESTJET, Alberta Partnership)

SOURCEWEST JET, a partnership in Alberta

Cision

Cision

View the original content and download the multimedia. http://www.newswire.ca/en/releases/archive/March2022/02/c7447.html