Air Canada in exclusive talks to buy Transat in $520 million deal

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Travel company said it chose Air Canada from several suitors

MONTREAL — Transat AT Inc. is in exclusive talks with Air Canada, which is offering $13 per share to buy the travel company.

“This is an opportunity to team up with a great company that knows and understands our industry and has had undisputable success in the travel business,” Eustache said in a statement. Transat offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands. “The acquisition presents a unique opportunity to compete with the very best in the world when it comes to leisure travel,” Rovinescu said in a statement.

 

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Well you have to feel bad for anyone who booked with air Transat for future trips. You just know air canada will screw it up like normal

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