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United States

Transat AT Inc (TRZ.TO)

TRZ.TO on Toronto Stock Exchange

11.99CAD
17 May 2019
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Thu, May 16 2019

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Air Canada bids for tour operator Transat, regulatory hurdles seen

MONTREAL Air Canada's bid to buy Canadian tour operator Transat AT would boost its leisure travel business at a time when the carrier faces a potential turnaround in rival WestJet Airlines, but the deal could attract regulatory scrutiny.

UPDATE 3-Air Canada bids for tour operator Transat, regulatory hurdles seen

MONTREAL, May 16 Air Canada's bid to buy Canadian tour operator Transat AT would boost its leisure travel business at a time when the carrier faces a potential turnaround in rival WestJet Airlines, but the deal could attract regulatory scrutiny.

Air Canada to buy tour operator Transat in C$520 mln deal

May 16 Air Canada said on Thursday it will buy Canadian tour operator Transat A.T. Inc in an all-cash deal valued at C$520 million ($387.51 million) to create a Montreal-based global travel services company.

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