WestJet Group Completes Sunwing Acquisition
Hailing it as signaling a ‘bright future’ for its ambitious growth strategy and creating ‘new opportunities’ for leisure and sun travel across Canada, the WestJet Group has announced that it has completed its acquisition of Sunwing Vacations and Sunwing Airlines.
Originally announced in March 2022, the acquisition combines the two Canadian aviation and leisure travel success stories, and will bring greater choice, competitive airfares and increased direct access to sun destinations to Canadian travellers.
In addition, it positions Sunwing to continue its growth across Canada and permits the newly merged company to protect jobs.
Initially, the airlines will continue independent operations, maintaining a sharp focus on providing an exceptional guest experience and ensuring safe operations. As the two entities transition from competitors to collaborators, the combination of these businesses will be planned in a way that positions Sunwing as an instrumental pillar of the WestJet Group, and prioritizes the experience of a growing number of guests.
Alexis von Hoensbroech, Chief Executive Officer of the WestJet Group, said: “As we have set out on our new strategic trajectory for the WestJet Group, investing further in leisure and sun flying across Canada is a critical driver for growth.”
He continued: “It brings me great pleasure to welcome Sunwing to the group, adding 18 Boeing 737s, 2,000 employees and Canada’s largest vacation tour operator and significantly expanding our footprint in Eastern Canada. Together, we will strategically enhance our sun and leisure offerings to bring even more affordable and accessible travel opportunities to Canadians.”
Stephen Hunter, formerly the CEO of Sunwing Vacations, has been appointed CEO of the WestJet Group’s Vacations Business, responsible for all tour operating and vacation package businesses of both the Sunwing Vacations and WestJet Vacations brands.
Hunter said: “The combination of our complementary businesses marks an important milestone that will enable us to fast-track our growth plans and provide Canadians with more affordable vacations to more destinations than ever before.”
Hunter continued: “I am thrilled to join forces with WestJet and, in doing so, create even more opportunities for our people and deliver greater value for Canadian travellers.”
As previously announced, the WestJet Group’s newly combined tour operator businesses, comprised of WestJet Vacations and Sunwing Vacations, will be headquartered in Toronto, Ontario and will continue to operate a Montreal office. In the coming years, the Vacations Business expects to facilitate new flying and new employment opportunities by retaining Sunwing’s aircraft in Canada year-round, among other sources of anticipated growth.
Said von Hoensbroech: “We are excited to welcome Sunwing’s employees to the WestJet Group of Companies; throughout the planning of this transaction, we have been continually impressed by their expertise and experience in the vacations industry. We look forward to working alongside them to deliver memorable services to an expanding number of Canadians.”