Does Westjet meet the current threshold for foreign investment?

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fish4life
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Re: Does Westjet meet the current threshold for foreign investment?

Post by fish4life »

PeterParker wrote: Wed Oct 26, 2022 10:38 pm
Bede wrote: Wed Oct 26, 2022 1:16 pm
Olandeep wrote: Sat Feb 12, 2022 10:08 am Given the pandemic, the airlines as a whole have been able to raise enough money- Air Canada has issued shares, sold planes, and the like, Westjet/Onex has remained silent.
WJ raised money and stayed afloat by selling their aircraft and leasing them back.
And didn't pay a penny on salaries the entire time the federal government had the CEWS program in place.
CEWS covered up to 75% of the salary up to a max of a complete salary of $58700. Lots of airlines were still paying a bunch for salaries.
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