Transat shareholders approved a merger with Air Canada even as executives confirmed and rejected a competing offer.
“Where is the Canadian government?And why is it not acting more resolutely to support the aeronautics and airline industry in this unprecedented situation?”
A Canadian Federal Court Justice ruled he did not have jurisdiction to hear a proposed class action lawsuit over flights cancelled due to COVID.
Air Canada has cut the value of its offer for leisure operator Transat by 72%, to just $5 per share, as a result of the pandemic.
Airline says industry has been “completely transformed” since merge was announced Transat still hopes to complete its merger with Air Canada by the end of the year Air Transat’s planned merger with […]
Executives at Transat, one of the world’s largest tour operators, tied the company’s willingness and ability to refund passengers to government aid for the industry.