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Air Transat reviewing multiple offers

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Air Transat reviewing multiple offers

Old 1st May 2019, 14:12
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Air Transat reviewing multiple offers

https://www.theglobeandmail.com/busi...-stoke-quebec/

With 7 A321-200's in service and the first of up to 15 A321NEO-LR's starting to deliver, Air Transat would nicely complement Air Canada's fleet.
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Old 9th May 2019, 22:55
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Quebecor is mulling over the idea of buying AT.
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Old 10th May 2019, 22:38
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This should be interesting - a bidding war!
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Old 16th May 2019, 14:43
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Originally Posted by twochai View Post
This should be interesting - a bidding war!
Great news for both companies!
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Old 17th May 2019, 00:59
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Air Canada bought Air Transat according to different news outlets.
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Old 18th May 2019, 14:16
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Hmmmmm.... one wonders if all that potential extra capacity might be related to the time AC expects the 737 Max issue to linger on....

Either way, bang goes another swathe of competition on the YYZ - Europe routes.
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Old 27th Jun 2019, 15:55
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Done deal, subject to approval...https://www.cbc.ca/news/business/air...deal-1.5192056
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Old 30th Jun 2019, 18:54
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Done deal
I'd still wait to see what the competition bureau has to say before saying this is a done deal. Although the two airlines are slated to be operated separately, the bureau has seen this face before in situations where the competition was adversely affected. That's no bueno, and as much as most of us would like to see this happen, AC and AT might have to put on their convincing shoes here.
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Old 2nd Jul 2019, 22:33
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Well, in any first-world economy, no single company would be allowed to control over 60% of a given market (YYZ-Europe routes).

BUT, this being Canada, and in particular one small part of Canada, we all already know how this is going to play out...

Clue:

AC is headquartered in Quebec.

Air Transat is headquartered in Quebec.

Justin Trudeau, PM, is headquartered in Quebec.

Anyone expecting a rigorous monopolies investigation here is going to be sadly disappointed. A rigorous pretend-investigation, certainly.


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Old 3rd Jul 2019, 20:06
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https://www.cbc.ca/news/business/tra...mach-1.5198909

no other buyer
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Old 4th Jul 2019, 05:58
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BUT, this being Canada, and in particular one small part of Canada, we all already know how this is going to play out...
You're not wrong. But with an election coming up that will likely see our ever capable leader looking from the outside in, things would have to move quickly. I'm no lawyer so I ask honestly: Could WJ or SW object to a competition bureau decision until a more favourable government to their positions came into power?
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Old 10th Jul 2019, 11:48
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It might just happen.
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Old 12th Aug 2019, 03:28
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"MONTREAL, Aug. 11, 2019 /CNW Telbec/ - Air Canada and Transat A.T. Inc. ("Transat") announced today that Air Canada has agreed to increase the purchase price for the acquisition of all issued and outstanding shares of Transat, from $13 to $18 per share and have amended the Arrangement Agreement dated June 27, 2019 accordingly. Based on the increased consideration, the value of the all-cash transaction is approximately $720 million."


Full release here

https://aircanada.mediaroom.com/2019...Letko-Brosseau


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Old 27th Oct 2019, 23:02
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Do we have any more news yet?


I'd just like to know who I'll be booking my regular June flights with....
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Old 28th Oct 2019, 01:18
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Originally Posted by Donkey497 View Post
Do we have any more news yet?


I'd just like to know who I'll be booking my regular June flights with....

Transat posts Q3 adjusted profit ahead of Air Canada takeover

FlightGlobal - Sept 12, 2019

https://www.flightglobal.com/news/ar...-canad-460830/


Otherwise from CTV New - Sept 12, 2019

Quote:

Transport Canada has said it will conclude its assessment of the transaction by May 2, 2020."

Full article https://www.ctvnews.ca/business/tran...deal-1.4589768




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Old 28th Oct 2019, 21:56
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Q2 2020?

we could be in a race to see what happens first Air Tranada or Flexit…….

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Old 29th Oct 2019, 18:40
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Originally Posted by Donkey497 View Post
Q2 2020?

we could be in a race to see what happens first Air Tranada or Flexit…….
Flexit
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Old 29th Oct 2019, 21:26
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Flexit
Flexible (date) + Brexit
Flexible + Britain + Exit (from European Union)

Journalists this side of the 'oggin seem to have developed a burning and increasing desire to combine acronyms.

No sooner had the EU announced that they'd agree to yet another extension, but this latest one had the flexibility to have an earlier end date, than I heard "Flexit" on three separate radio stations.
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Old 30th Oct 2019, 05:36
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How is it that no international charter airline in Canada in my lifetime (since I saw Wardair's first jet in 1966) has ever survived without being gobbled up?
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Old 4th May 2020, 19:49
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Well, now that we are past the May the 2nd date, have we heard anything further from Transport Canada on the deal going ahead or not? I guess that it's the proverbial racing certainty that I'm no longer wondering who I'll be booking my June flights with, it's now who I'll be booking with when we all get to travel again.
I may have just sneaked in my last true Transat flight in March just prior to lockdown, but I will be sorry to see them assimilated, if that is to be their fate.
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