AirTransat: for sale-Blue-rouge...?

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Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by gustind » Tue Apr 30, 2019 6:36 am

https://ceo.ca/@newswire/transat-at-inc ... concerning

MONTREAL, April 30, 2019 /CNW Telbec/ - The Corporation announces being in preliminary discussions with more than one party concerning a potential transaction involving the acquisition of the Corporation.

These discussions result from expressions of interest received by the Corporation. The Corporation has formed a special committee of independent directors to evaluate the proposals with the assistance of financial and legal advisors, consider, and if deemed advisable, undertake a process for the formal review of strategic alternatives, consider any alternative proposal, and make recommendations to the Board of Directors in the best interests of the Corporation and all its stakeholders.

This situation has no impact on the clients or employees of Transat, nor on its operations, which are continuing as usual.

The discussions are at a preliminary stage. No decision has been made as to any potential transaction. There can be no assurance that any transaction will take place. The Corporation does not intend to provide further updates or comments with respect to the foregoing except as required by law.

About Transat
Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel. It 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. Based in Montreal, the company has 5,000 employees. Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 12 years, and was awarded Travelife certification in 2018 (TSX: TRZ).
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AirTransat: for sale-Blue-rouge...?

Post by I WAS Birddog » Tue Apr 30, 2019 9:59 am

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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by daedalusx » Tue Apr 30, 2019 10:18 am

Wonder who’s going to make a move especially at 14.50-17.50.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by rudder » Tue Apr 30, 2019 11:06 am

TRZ is a $5 stock absent a takeover rumour. Even at a 100% acquisition premium it is a $10 stock.

Easily affordable for AC. Sell non-core assets. Net cost of acquisition quite low. Merge airline operation in to Rouge.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by FL-280 » Tue Apr 30, 2019 11:20 am

I don't wish the Transat pilots AC as a customer..... History has shown, doh will not even be on the table. I believe this would be devastating for the pilot group.

I hope a party outside of aviation buys Transat and business as usual for the crewmembers
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by daedalusx » Tue Apr 30, 2019 11:33 am

rudder wrote:
Tue Apr 30, 2019 11:06 am
TRZ is a $5 stock absent a takeover rumour. Even at a 100% acquisition premium it is a $10 stock.

Easily affordable for AC. Sell non-core assets. Net cost of acquisition quite low. Merge airline operation in to Rouge.
Book value is 10-12$ with the excesses cash and hotel investment. Good luck convincing the stockholders to sign off at 10. It’s not the greatest stock but I’m still not confident it’ll sell at that price.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by DanWEC » Tue Apr 30, 2019 12:04 pm

Why are pilots always looking at the airline side of TS and also Air Canada? ;) Company doesn't have anything to do with Rouge. Airline is also just support.
They're probably trying to have financial backing to continue to develop property down south. They'll maintain their vertical integration model and possibly merge with whatever company buys them if they also happen to have an air carrier, but doubtful.
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Re: AirTransat: for sale-Blue-rouge...?

Post by schnitzel2k3 » Tue Apr 30, 2019 12:16 pm

😥 end of the music in Canada if this happens, at least for the foreseable future.

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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by big_sky » Tue Apr 30, 2019 12:57 pm

Stock is up 46% today, new aircraft arriving shortly, generally the mood is pretty upbeat amongst employees.

I think TS will be just fine whatever happens.

www.newtransatdestination.com
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by ant_321 » Tue Apr 30, 2019 1:24 pm

I have no inside knowledge whatsoever but if I were to take a guess it would be an outside travel company of some sort. If that were the case it would probably have little impact for the average employee. Something along the lines of the Sunwing, TUI arrangement. Maybe even TUI ;). #tuicanada
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Re: AirTransat: for sale-Blue-rouge...?

Post by Jean-Pierre » Tue Apr 30, 2019 2:18 pm

I don't understand. All those thread said Transat had great job security.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by rudder » Tue Apr 30, 2019 2:29 pm

daedalusx wrote:
Tue Apr 30, 2019 11:33 am

Book value is 10-12$ with the excesses cash and hotel investment. Good luck convincing the stockholders to sign off at 10. It’s not the greatest stock but I’m still not confident it’ll sell at that price.
Something is only worth what someone else is willing to pay for it.

If AC offered a cash/stock combination my guess is lots of TRZ shareholders would sign up.
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Re: AirTransat: for sale-Blue-rouge...?

Post by I WAS Birddog » Tue Apr 30, 2019 3:15 pm

Jean-Pierre wrote:
Tue Apr 30, 2019 2:18 pm
I don't understand. All those thread said Transat had great job security.
That's a great question for the pilots union; ALPA
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by I WAS Birddog » Tue Apr 30, 2019 3:47 pm

FL-280 wrote:
Tue Apr 30, 2019 11:20 am
I believe this would be devastating for the pilot group.

Let's hope not. ALPA is amazing...they'll have all the right answers.
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Re: AirTransat: for sale-Blue-rouge...?

Post by confusedalot » Tue Apr 30, 2019 6:35 pm

Sad news indeed. :( For the industry that is.

God I hope that this will not result in a mapleflot country.

But what do I know, I am stupid enough to believe in democracy.
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Re: AirTransat: for sale-Blue-rouge...?

Post by Mapleflt » Tue Apr 30, 2019 6:36 pm

The track record for airlines that have been "sold" off in this country is a bit dismal :roll:
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Re: AirTransat: for sale-Blue-rouge...?

Post by C-GGGQ » Tue Apr 30, 2019 7:05 pm

As someone mentioned in another thread AIR Transat is not for sale. Transat is. Probably to some other vacation company or conglomerate.
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Re: AirTransat: for sale-Blue-rouge...?

Post by Mapleflt » Tue Apr 30, 2019 7:20 pm

C-GGGQ wrote:
Tue Apr 30, 2019 7:05 pm
As someone mentioned in another thread AIR Transat is not for sale. Transat is. Probably to some other vacation company or conglomerate.
Everything is negotiable :wink:
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Re: AirTransat: for sale-Blue-rouge...?

Post by palebird » Tue Apr 30, 2019 7:36 pm

If Transat winds up being sold what do you think happens to Air Transat?? The only reason Air Transat exists is to service Transat. Think about that. Nothing lasts forever, especially in the Canadian aviation world.
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Re: AirTransat: for sale-Blue-rouge...?

Post by C-GGGQ » Wed May 01, 2019 4:30 am

I'm saying that you are all acting as if the airline portion specifically is for sale, to another airline. Which is not the case. More likely, something along the lines of Sunwing's deal with TUI. Sky isn't falling yet.
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Re: AirTransat: for sale-Blue-rouge...?

Post by schnitzel2k3 » Wed May 01, 2019 6:09 am

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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by rudder » Wed May 01, 2019 7:15 am

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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by Old fella » Wed May 01, 2019 11:07 am

rudder wrote:
Tue Apr 30, 2019 2:29 pm
daedalusx wrote:
Tue Apr 30, 2019 11:33 am

Book value is 10-12$ with the excesses cash and hotel investment. Good luck convincing the stockholders to sign off at 10. It’s not the greatest stock but I’m still not confident it’ll sell at that price.
Something is only worth what someone else is willing to pay for it.

If AC offered a cash/stock combination my guess is lots of TRZ shareholders would sign up.
Dumbing it down to my level - which is low- why would AC wanna get involved. What’s in it for them outside of a possible fiasco aka CAI/AC merger ‘90s.
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Re: AirTransat: for sale-Blue-rouge...?

Post by Beefitarian » Wed May 01, 2019 11:11 am

confusedalot wrote:
Tue Apr 30, 2019 6:35 pm
Sad news indeed. :( For the industry that is.

God I hope that this will not result in a mapleflot country.

But what do I know, I am stupid enough to believe in democracy.
What is mapleflot?

I used to believe in democracy.
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Re: AirTransat: for sale-Blue-rouge...?

Post by Capt. Underpants » Wed May 01, 2019 11:53 am

Beefitarian wrote:
Wed May 01, 2019 11:11 am

What is mapleflot?
It's a disparaging name that non-Air Canada folks used to use to describe AC at a time when it was a crown corporation (or a national airline) like Aeroflot was to the former Soviet Union. The AC of today resembles that crown corporation in name only. Is it perfect? No, but it's a far better airline (and employer) than many others. Unfortunately, some folks have yet to move on.
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