Jun 24, 2019, 3:52pm EDT Onex, which formerly owned Spirit AeroSystems Inc. in Wichita, cut its original offer for the Canadian airline over concerns including the grounding of the 737 MAX
Onex initially submitted a bid in March for the airline at $35.75 per share.
However it then sealed a cut-price deal at $31 per share after the grounding of Boeing 737 Max aircraft and the resulting uncertainty over its pathway to re-certification.
WestJet shareholders still need to approve the deal at a meeting next month.