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Transat AT Inc T.TRZ

Alternate Symbol(s):  TRZBF

Industrials Airlines
Transat A.T. Inc. is a Canada-based integrated international tourism company specializing in holiday travel. The Company offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe. The Company's core business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network and value-added services at travel destinations. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada, and carries some 5 million passengers every year. Its destination service offers a range of products for customers for outgoing tour operators, such as hospitality and representation, passenger transfers, excursions, tours, sports and other activities, and specialty services.


TSX:TRZ - Post by User

Transat AT Inc > EU decision postponed to Jan 8
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Post by insidersnoop1on Nov 06, 2020 12:01pm
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Post# 31851787

EU decision postponed to Jan 8

EU decision postponed to Jan 8
EU extends deadline for decision on Air Canada-Transat deal
2020-11-06 10:37:27 AM ET (Reuters)
   
   

BRUSSELS, Nov 6 (Reuters) - EU antitrust regulators have extended their deadline for a decision on Air Canada's proposed acquisition of Canadian tour operator Transat by two weeks to Jan. 8.

The European Commission, which opened an investigation in May on concerns that the deal could push up prices and reduce choice for flights between Europe and Canada, said the extension was applied in agreement with the two companies.

Air Canada last month cut its offer price for Transat by nearly 75% to about C$188.7 million ($144.7 million) because of the COVID-19 impact on travel demand. ($1 = 1.3037 Canadian dollars) (Reporting by Foo Yun Chee Editing by David Goodman)

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