Air Canada, Transat announce new acquisition terms

Posted on 10/13/2020 | About Toronto, Ontario

What a difference 18 months can make: Air Canada, Transat announce new acquisition terms
Back before COVID-19 changed just about everything, Air Canada was set to buy Transat for $720 million. Now under new terms just announced by both companies, the offer is much lower: $190 million. While the dollar figure has dropped considerably, the fact that the acquisition is still on track is a testament to the strength of this industry and its players. Everyone knows there are brighter days ahead.


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