Air Canada offers to buy Transat Airline for $387 million

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Air Canada has entered into talks to buy Montreal-based travel company Transat in a deal valued. and from which we carried 10 million customers in 2018 alone.” Air Canada is the country’s largest.

 · Canada’s flagship service, Air Canada, introduced Thursday that it has agreed to buy Air Transat, some other Quebec-based airline. The unique settlement requires Air Canada to buy all issued and remarkable stocks of Air Transat, valued at just below $387 million USD ($520 million CAD), or roughly $9.67 USD in line with proportion ($13 CAD) on a fully-diluted foundation.

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Canada’s largest airline said on Thursday it is in exclusive talks to buy the parent company of leisure carrier Air Transat in an all-cash deal valued at C$520 million ($387.5 million), marking. a.

MONTREAL – The board of directors of Transat AT Inc. has approved a $520-million. flights, higher passenger volumes and more efficient use of aircraft. "Becoming a part of Air Canada would.

Canada’s flagship airline Air Canada announced Thursday its intention to buy tour operator Transat in a deal valued at Can$520 million (US$387 million). A statement said Air Canada is holding.

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Air Canada to buy Transat for $520 million.. Air Canada offer, the Transat board turned down a rival bid by Group Mach Inc., a Quebec real estate developer that offered $14 per share or $527.6.

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Air Canada said separately that it values its offer at about $520 million. Transat chief executive. after Toronto-based Onex Corp. announced a deal to buy WestJet Airlines Ltd. earlier this week..

Air Canada is in talks to buy Montreal-based airline and tour operator Transat A.T. Inc., offering $520-million in a deal that would combine the country’s flag carrier with the third-largest.

 · Air Canada said it’s in exclusive talks to buy one of the country’s largest travel tour operators, Transat A.T., for about C$520 million ($387 million) amid a wave of consolidation in the.

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