Here are some key events:
April 30, 2019: Transat shares gain more than 40 per cent after the tour and travel operator announces it is in preliminary talks to sell the company.
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May 10, 2019: As airline industry observers speculate about Air Canada and other possible buyers for Transat, a number of Quebec-based players express interest in the company. Dominik Pigeon, head of financial services company FNC Capital, says he has a group of interested investors after Montreal real estate developer Group Mach says it has submitted an offer. Pierre Karl Peladeau, president and CEO of Quebecor, says he has requested a financial analysis of the company for a personal investment.
Timeline: The ups and downs of Air Canada s deal for Transat AT
by The Canadian Press
Last Updated Feb 12, 2021 at 11:44 am EDT
MONTREAL The federal government has approved Air Canada’s $190-million purchase of Transat A.T., with some conditions that include maintaining Transat’s head office in Quebec, launching new destinations within five years and implementing a price monitoring mechanism.
Here are some key events:
April 30, 2019: Transat shares gain more than 40 per cent after the tour and travel operator announces it is in preliminary talks to sell the company.
May 10, 2019: As airline industry observers speculate about Air Canada and other possible buyers for Transat, a number of Quebec-based players express interest in the company. Dominik Pigeon, head of financial services company FNC Capital, says he has a group of interested investors after Montreal real estate developer Group Mach says it has submitted an offer. Pierre Karl Peladeau, president and CEO of Que