Air Canada to purchase Transat

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Air Canada has entered into an agreement to purchase Transat, according to a news release from Air Canada.

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The proposed transaction is valued at approximately $520 million.

“A combination with Transat represents a great opportunity for stakeholders of both companies,” Calin Rovinescu, president and CEO of Air Canada, said in the statement.

More to come

https://www.cbc.ca/news/business/air-canada-transat-1.5138180?cmp=rss