The news of a potential sale comes after Toronto-based Onex Corp. announced a deal to buy WestJet Airlines Ltd. earlier this week
WestJet's board of directors has unanimously recommended shareholders vote in favour of the deal at meeting expected to be held in July
WestJet had 13 Max 8s in operation when the planes were pulled from service, but has said it has no plans to cancel orders for 37 more Max jetliners.
Air Canada saw its third-quarter profit drop compared with a year ago amid rising fuel prices as operating revenue climbed 11 per cent
WestJet Airlines Ltd. reported a third-quarter profit of $45.9 million, down from a profit of $135.9 million in the same quarter last year amid rising fuel prices
WestJet is battling with Air Canada on several fronts.
Changes include cancelling winter flights between Ottawa and Edmonton that will resume next summer.
Overall demand for air travel remains strong with WestJet traffic up 6.2 per cent in the second quarter.
Uncertainty about a possible strike has cost the company 'tens of millions of dollars.'