backKing & Spalding advised Air France-KLM on its acquisition of a minority stake in Canadian airline WestJet.
Air France-KLM purchased that stake from its joint venture partner Delta Air Lines, which had taken a 15% minority stake in WestJet, as part of a previously announced separate transaction also involving Korean Air’s purchase of a 10% interest. The shares purchased by all three airlines represent a 25% combined interest in WestJet. More information can be found here.
The cross-office team advising Air France-KLM included M&A and private equity partners Laurent Bensaid and Agnieszka Opalach in Paris, London-based partner Eve-Christie Vermynck on IP matters and New York partner Allison Bell on US and capital markets aspects.