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Air Canada pays much less to buy Transat

(Montreal) Air Canada will pay nearly four times less to manage Transat A.T. The two companies announced on Saturday an evaluation of the transaction in which the country's largest airline will pay $ 5 for each share of the tour operator in Quebec – far from $ 18 – by referring to “COVID-19's unprecedented impact on the & # 39; global aviation industry & # 39 ;.

Posted Oct 10, 2020 at 12:59 pm

The Canadian Press

The value of the transaction is now estimated at approximately 190 million, compared to 720 million previously.

More details to follow

Written by Rahis

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