Air Canada will face a competition probe before the airline can complete its proposed acquisition of Air Transat. Air Transat shareholders overwhelmingly voted last week in favour of the C$720 million deal, which valued the carrier at C$18-a-share.
Air Canada and Transat have concluded a definitive arrangement agreement that provides for flag-carrier’s acquisition of all issued and outstanding shares in the private carrier. The value of the all-cash transaction is approximately $520 million.
The flag-carrier hopes the proposed transaction, valued at approximately $13 per share, will create a Montreal-based global travel services company in leisure, tourism and travel distribution.
Air Transat has announced the appointment of Liz Langan as UK sales manager with responsibility for southern England. With over 15 years of experience in airline sales, Langan joins Air Transat from Oman Air, where she was a key account manager, before previously holding account manager positions at Air Canada and Etihad Airways.
Air Transat has unveiled a new livery as the carrier marks its 30th anniversary. The new look was unveiled at Air Transat’s facilities at Montréal–Trudeau airport, which was attended by 375 partners and guests.
Air Transat has responded to rising demand from Scottish travellers by increasing capacity by 12 per cent on services from Glasgow this summer. The Canadian leisure carrier is introducing larger aircraft on its services from Glasgow, with the vast majority of flights this summer to be operated by the airline’s state-of-the-art Airbus A330 with individual screens and over 100 channels of entertainment on demand.
Air Transat has launched Scotland’s newest route, with a service from Glasgow Airport to Montreal Pierre Trudeau Airport. The new weekly flight, which runs until October, connects the province of Quebec to Scotland for the first time. Montreal is Canada’s second largest city with a population of just over 3.5 million people.
ir Transat and VIA Rail Canada are pleased to announce that they have formed an intermodal partnership, enabling Canadians to take advantage of both rail and air services when travelling between their home, the airport and their vacation destination.
AirTran of the United States has become the latest airline to charge obsese passengers for a second seat, mimicking the line of parent Southwest Airlines. “Customers of size” will be forced to pay double for their travel from March next year.