Air Transat is a Canadian airline headquartered in Montreal, Quebec. Owned and operated by parent company Transat A.T. Inc., Air Transat operates scheduled and charter services to points across the Americas and Europe, with a focus on leisure destinations. The airline operates from three main bases at Toronto Pearson, Montreal Pierre Elliott Trudeau and Vancouver Airport with a widebody Airbus fleet.
On 27-Jun-2019, Air Canada reached a definitive arrangement agreement with Transat AT to merge the two companies. Air Canada will acquire all outstanding shares of Transat for CAD13 (USD9.9) per share, with the all cash transaction valued at approximately CAD520 million (USD397 million). Air Transat and Transat brands will be maintained, while the Transat head office and key functions will remain in Montreal. The transaction, which is expected to be completed in early 2020, remains subject to regulatory and shareholder approvals, as well as other closing conditions.
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