Tag: Transat

Transat announces the departure of its Chief Financial Officer

Transat A.T. Inc. announced today that Patrick Bui, Chief Financial Officer, intends to step down from his position on December 15, 2023, to pursue another career opportunity. He will remain in his role to ensure a smooth transition, including through the announcement of the Company's results for...

Transat secures $100 million in additional funding

Transat secures $100 million in additional funding

Transat A.T. Inc. announced that it has reached an agreement with Canada Enterprise Emergency Funding Corporation ("CEEFC"), a federal Crown corporation, to obtain $100 million in additional liquidity. In connection with the establishment of such additional funding, through the Large Employer Eme...

Government ignores advice of its own Competition Bureau in Air Canada takeover of Transat

Government ignores advice of its own Competition Bureau in Air Canada takeover of Transat

The government of Canada on Thursday evening approved the purchase of Transat by Air Canada, without significant remedies. "This decision shows blatant disregard for all Canadians who believe in healthy competition," said Ed Sims, WestJet President and CEO. "When Canadians look to explore the ...

Transat Announces Approval of its Arrangement with Air Canada by Canadian Authorities

Transat A.T. Inc. announced today that the Canadian government has approved the arrangement with Air Canada contemplated under the revised arrangement agreement between Transat and Air Canada dated October 9, 2020. This authorization is subject to the implementation of significant undertakings ag...

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