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An Air Transat A330 in Brussels (Photo: AirlineGeeks

Air Canada Enters Talks To Finalize Air Transat Acquisition

On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the stock price at the end of Wednesday. The 30-day negotiation period is aimed at finalizing a deal. Air Canada has claimed that it has the appropriate funds in order to…

Air Transat Announces European Expansion for Summer 2019

Montreal-based Air Transat recently unveiled its flight program for summer 2019 with a big emphasis on European expansion. The airline announced it will fly to 27 destinations across Europe and the Middle East, with the introduction of a new once-weekly flight between Toronto and Split, Croatia - totaling three services…