UPDATE 5-Billionaire Schwartz makes $2.6 bln bet on Canada's WestJet Airlines
May 13, 2019 at 16:51 PM EDT
Billionaire Gerry Schwartz pounced on Canada's WestJet Airlines on Monday as his private equity firm Onex Corp offered to buy the struggling airline for C$3.5 billion ($2.6 billion), betting it can turn around its recent decline by taking the company private.
