Airlines
Air Canada in Talks To Acquire Parent of Rival Air Transat
The Canadian flag carrier’s acquisition of Transat would consolidate its foothold at Montreal Trudeau Airport.

Air Canada signed a preliminary agreement Thursday to acquire all of Montreal-based leisure travel company Transat, the Canadian flag carrier announced. Air Canada said it controls all the needed funding to complete the transaction, valued at some $520 million or $13 per share of the parent company of rival airline Air Transat.