{"id":101374,"date":"2020-10-11T13:06:52","date_gmt":"2020-10-11T13:06:52","guid":{"rendered":"https:\/?p=101374"},"modified":"2020-10-11T13:06:56","modified_gmt":"2020-10-11T13:06:56","slug":"air-canada-will-pay-almost-four-times-less-for-the-purchase-of-transat","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2020\/10\/air-canada-will-pay-almost-four-times-less-for-the-purchase-of-transat.html","title":{"rendered":"Air Canada will pay almost four times less for the purchase of Transat."},"content":{"rendered":"\n<p><strong>Air Canada <\/strong>has lowered its price to buy Canadian tour operator <strong>Transat A.T. <\/strong>with the deal now worth about C$188.7 million ($143.86 million), down from $720 million previously, reflecting the post-COVID-19 reduction in airline values, the companies said in a statement on Saturday, Reuters <a href=\"https:\/\/in.reuters.com\/article\/transat-at-ma-air-canada\/air-canada-lowers-transat-buyout-price-to-reflect-covid-19-hit-idINL4N2H109D\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a href=\"https:\/en\/2020\/10\/easyjet-warns-that-its-annual-loss-could-exceed-1-billion.html\">EasyJet warns that its annual loss could exceed $1 billion.<\/a><\/p>\n\n\n\n<p>Air Canada had secured Transat shareholders\u2019 approval for the deal last year with a sweetened C$18.00 a share bid, to bolster its leisure business.<\/p>\n\n\n\n<p>Under revised terms of the deal, Air Canada said it will acquire all shares of Transat for C$5 per share, representing a premium of about 30.5% to Transat\u2019s last close on Friday.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a href=\"https:\/en\/2020\/10\/latam-airlines-receives-the-first-disbursement-of-us1-15-billion-for-its-financial-reorganization.html\">Latam Airlines receives the first disbursement of US$1.15 billion for its financial reorganization.<\/a><\/p>\n\n\n\n<p>\u201cAir Canada intends to complete its acquisition of Transat, at a reduced price and on modified terms,\u201d Calin Rovinescu, chief executive officer of Air Canada said in a statement.<\/p>\n\n\n\n<p>The deal remains subject to shareholder approval, court approval and other regulatory approvals in Canada and the European Union, Air Canada said.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-84137fb0     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"201\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a 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worth&hellip;\n","protected":false},"author":1,"featured_media":101377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[489,197,246],"class_list":{"0":"post-101374","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-air-canada-2","9":"tag-airlines","10":"tag-canada"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Air-Canada-Air-Transat.jpg",800,400,false]},"uagb_author_info":{"display_name":"Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/admin"},"uagb_comment_info":0,"uagb_excerpt":"Air Canada has lowered its price to buy Canadian tour operator Transat A.T. with the deal now worth&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/101374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=101374"}],"version-history":[{"count":2,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/101374\/revisions"}],"predecessor-version":[{"id":101383,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/101374\/revisions\/101383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/101377"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=101374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=101374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=101374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}