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Private Equity

Billionaire Schwartz's Money, Approach May Be Right Move For Canada's Westjet Airlines

by reuters.com posted 1week ago 17 views
Billionaire Gerry Schwartz's $2.6 billion bid for WestJet Airlines is a bet his private equity firm's deep pockets and patience will help the Canadian carrier weather challenges and build a more formidable competitor against market leader Air Canada, industry analysts and executives said on Tuesday.