Air Canada Says Its Buying Rival Air Transat In A $520 Million Deal

Entertainment (now)
Entertainment (now)
  • 5 years ago
Air Canada has announced its intention to buy rival airline Air Transat, in a deal worth around $520 million.

Air Canada announced the purchase on Thursday, according to Business Insider.

A press release said that it will buy all all issued and outstanding shares of Transat AT, which owns Air Transat, for $13 per share.

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