Billionaire Schwartz's money, approach may be right move for Canada's WestJet Airlines
May 14, 2019 at 17:18 PM EDT
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.
