Air Canada in talks to buy rival airline
Air Canada is planning to buy the parent company of rival Air Transat for about C$488 million.
Transat has agreed to a 30-day period of exclusive negotiations with Air Canada regarding a possible deal, which would value the company at $13 per share.
The company sells tour packages, hotels and air travel under the Transat and Air Transat brands.
Transat said that after being courted by several interested parties, the board had chosen to finalise negotiations on an exclusive basis with Air Canada.
Air Transat operates flights from Gatwick to Toronto, Montreal, Vancouver and Calgary.
Transat announced earlier this month that it was in talks with several potential buyers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026