Air Canada or Germany’s TUI Group could emerge as possible buyer of Transat, analysts say

Holiday travel company Transat A.T. Inc. announced it has received multiple takeover offers and is considering a sale, sending Transat’s market valuation soaring though it released scant details over who wants to buy the Montreal-based airline and tour operator.

Transat was forced to disclose the potential sale after news of the offers started to leak, president and chief executive Jean‑Marc Eustache said at Transat’s annual general meeting on Tuesday. A European owner could make sense given the importance of transatlantic flights to Transat. In the last half of 2018, approximately 75 per cent of its total revenue came from transatlantic flights, according to a January National Bank report.

Please let it be the Germans at least flights will be on time again

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