Air Canada offers to buy Transat Airline for $387 million

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 exclusive 30-day talks with Transat, which announced last month it had been solicited by several parties

 · 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 exclusive 30-day talks with Transat, which announced last month it.

Canada’s flagship carrier, Air Canada, announced Thursday that it has agreed to purchase Air Transat, another Canadian airline. The exclusive agreement calls for Air Canada to purchase all issued and outstanding shares of Air Transat, valued at just under 7 million usd (0 million CAD), or approximately $9.67 USD per share ($13 CAD) on a fully-diluted basis.

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Air Canada said on Thursday it will buy Canadian tour operator Transat A.T. Inc in an all-cash deal valued at C$520 million ($387.51 million) to create a Montreal-based global travel services company.

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 (US$387 million) amid a wave of consolidation in the Canadian airline industry. The country’s largest airline said in a statement it was prepared to pay C$13 a.

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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.

Why Transat’s best bet is Air Canada’s offer to buy it for $520 million List of Transat AT suitors grows longer as another Quebec businessman expresses interest in buying it Onex’s WestJet deal to.

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.

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.