Rumour has it that Transat (travel group based in Canada) will announce shortly that it is acquiring Globespan. Management have been telling Air Transat employees that an acquisition by the Group is going to result in the doubling of Transat Group UK - Canada traffic next summer and that Globespan is the candidate. Transat typically purchases a large percentage of an operation with options to attain the remaining shares after a test period (usually about 1-2 years). As long as Globespan employees are flexible and able to go along with Transat Group business ideas then you people are probably in for a big expansion. Transat is looking to expand into the U.S. with more services and you may find yourselves being the European vehicle for the job. They tried this with Star Airlines in France but it didn't work out and they sold off Star last year. Fussy Star employees and complex labour laws in France put the screws to the deal.