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WestJet has two direct subsidiaries: [[WestJet Encore]],<ref>{{Cite web |title=De Havilland Dash 8-400 (Q400) |url=https://www.westjet.com/en-ca/aircraft/dehavilland-dash-8-400 |access-date=2024-04-28 |website=www.westjet.com |language=en}}</ref> which operates the [[Bombardier Q400]] on [[WestJet Encore destinations|routes]] in [[Western Canada]], and WestJet Cargo which operates four [[Cargo aircraft|Boeing 737-800 BCF]], which were previously used as WestJet passenger aircraft and converted for cargo use.
 
In December 2019, WestJet Airlines was acquired by Kestrel Bidco Inc., a subsidiary of [[Onex Corporation]]. This acquisition resulted in WestJet transitioning from a publicly traded company on the [[Toronto Stock Exchange|Toronto Stock Exchange (TSX)]] under the symbol "WJA" to a [[Privately held company|private company]].<ref>{{Cite web |date=2020-08-26 |title=WestJet Stock Is No Longer Listed: Here’sHere's How to Bet on it Anyway! |url=https://ca.finance.yahoo.com/news/westjet-stock-no-longer-listed-180019237.html |access-date=2024-04-28 |website=Yahoo Finance |language=en-CA}}</ref>
 
In May 2023, WestJet expanded its reach further with the acquisition of [[Sunwing Airlines|Sunwing]],<ref>{{Cite web |title=WestJet Group completes acquisition of Sunwing |url=https://www.westjet.com/en-ca/news/2023/westjet-group-completes-acquisition-of-sunwing |access-date=2024-04-28 |website=www.westjet.com |language=en}}</ref> a Canadian leisure airline. This integration is expected to be completed by October 2024, bringing Sunwing's staff and aircraft under the WestJet banner.<ref>{{Cite web |last=Memon |first=Dr Omar |date=2023-09-30 |title=Sunwing Airlines To Be Fully Incorporated Into WestJet By October 2024 |url=https://simpleflying.com/sunwing-airlines-integration-westjet-october-2024/ |access-date=2024-04-28 |website=Simple Flying |language=en}}</ref>
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On December 5, 2022, WestJet announced its first destination in Asia, with service from [[Calgary International Airport]] to [[Narita International Airport]] beginning with three times weekly service on April 30, 2023. WestJet also announced new routes from Calgary to [[Barcelona–El Prat Airport]] and [[Edinburgh Airport]], both being served three times a week beginning in May 2023, as well as frequency increases on existing European routes as a part of their plan to increase capacity in Calgary by more than 25% in 2023.<ref>{{cite web | url=https://westjet.mediaroom.com/2022-12-05-WestJet-announces-new-service-to-Japan-and-Europe-as-part-of-planned-expansion-from-YYC-Calgary-International-Airport | title=WestJet announces new service to Japan and Europe as part of planned expansion from YYC Calgary International Airport }}</ref>
 
In November 2023, WestJet announced the restart of transatlantic service in Eastern Canada utilizing its Boeing 737 MAX 8 fleet, with the return of service from Toronto to [[Dublin Airport|Dublin]] and [[Edinburgh Airport|Edinburgh]],<ref name=":2">{{Cite web |title=WestJet growth plan soars with intercontinental expansion across Canada |url=https://www.westjet.com/en-ca/news/2023/westjet-growth-plan-soars-with-intercontinental-expansion-across1 |access-date=2024-05-19 |website=www.westjet.com |language=en}}</ref> St. John’s to [[Gatwick Airport|London (Gatwick)]]<ref>{{Cite web |title=WestJet addresses key air access gap from St. John’sJohn's with addition of direct transatlantic flights to London |url=https://www.westjet.com/en-ca/news/2023/westjet-addresses-key-air-access-gap-from-st--john-s-with-additi0 |access-date=2024-05-19 |website=www.westjet.com |language=en}}</ref> and Halifax to Dublin, Edinburgh and London (Gatwick). The airline also announced the expansion of transatlantic service from Calgary with new non-stop flights to [[Keflavík International Airport|Keflavik Airport]] in Reykjavik, Iceland. WestJet also revealed plans to expand its Asian footprint with new seasonal service from [[Calgary International Airport]] to South Korea’s [[Incheon International Airport]].<ref name=":2" />
 
In October 2024, WestJet will be transitioning all [[WestJet Link]] routes from Link to Encore, ending the airline’s six-year capacity purchase agreement with [[Pacific Coastal Airlines]].<ref name=":3">{{Cite web |title=WestJet transitions WestJet Link routes to WestJet Encore for fall 2024 |url=https://www.westjet.com/en-ca/news/2024/westjet-transitions-westjet-link-routes-to-westjet-encore-for-fa |access-date=2024-05-19 |website=www.westjet.com |language=en}}</ref> The change is announced as a growth strategy for WestJet's regional network, which will see the WestJet Link routes now being operated by WestJet Encore's 78-seat [[De Havilland Canada Dash 8|Bombardier Q400]], as opposed to Pacific Coastal's 34-seat [[Saab 340|Saab 340B]].