Air Canada Buys Air Transat

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Gannet167
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Air Canada Buys Air Transat

Post by Gannet167 » Thu May 16, 2019 5:16 am

Air Canada enters into Exclusive Agreement with Transat A.T. Inc. to pursue a Combination of the two Companies

https://www.newswire.ca/news-releases/a ... 24857.html
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goingnowherefast
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Re: Air Canada Buys Air Transat

Post by goingnowherefast » Thu May 16, 2019 5:25 am

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sullecpt
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Re: Air Canada Buys Air Transat

Post by sullecpt » Thu May 16, 2019 5:53 am

Meanwhile at WestJet all hell is breaking loose. Quite the week.

How will pay, seniority and flow work now with Transat in the AC picture? Should be fun to watch.
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schnitzel2k3
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Re: Air Canada Buys Air Transat

Post by schnitzel2k3 » Thu May 16, 2019 6:03 am

They scooped it up before Onex could.
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Victory
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Re: Air Canada Buys Air Transat

Post by Victory » Thu May 16, 2019 6:05 am

I suspect Transat was part of the Onex/WestJet plan and that's got completely ruined. I wonder if Onex will pull out of the deal now.
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Re: Air Canada Buys Air Transat

Post by Dry Guy » Thu May 16, 2019 6:08 am

sullecpt wrote:
Thu May 16, 2019 5:53 am
How will pay, seniority and flow work now with Transat in the AC picture? Should be fun to watch.
There's no guarantee they will merge the companies.
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indieadventurer
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Re: Air Canada Buys Air Transat

Post by indieadventurer » Thu May 16, 2019 6:14 am

Circle this week on the calendar to look back at decades from now.
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Re: Air Canada Buys Air Transat

Post by Turbolag » Thu May 16, 2019 6:29 am

5 Billion for Westjet
500 Million for Transat.

Next airlines to be purchased.... (in keeping with the race to the bottom theme)

5 million for Flair
500 Thousand for CMA
5 thousand for GGN
500 bones for Pacific Coastal
Two quarter and some drier lint for Regional 1
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Old fella
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Re: Air Canada Buys Air Transat

Post by Old fella » Thu May 16, 2019 6:44 am

Could be a squaring off scenario between WJ aka Onex and AC and the latter feels it has to put itself in a better position. Perhaps a few more WB types combined with destinations for Rouge. I bet this buyout will be interesting should it see fruition.
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Re: Air Canada Buys Air Transat

Post by pianokeys » Thu May 16, 2019 6:56 am

TS has some 330s that AC have been looking for.
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Re: Air Canada Buys Air Transat

Post by TFTMB heavy » Thu May 16, 2019 7:01 am

Dry Guy wrote:
Thu May 16, 2019 6:08 am
sullecpt wrote:
Thu May 16, 2019 5:53 am
How will pay, seniority and flow work now with Transat in the AC picture? Should be fun to watch.
There's no guarantee they will merge the companies.
Sure will be interesting. Let's see if AC still remembers the mess with the Canadian merger? I suspect the Air Transat brand will live on within the AC family.
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Capt. Underpants
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Re: Air Canada Buys Air Transat

Post by Capt. Underpants » Thu May 16, 2019 7:36 am

Why would you keep a separate brand that competes directly with Rouge and AC Vacations? Sorry but that just doesn't make sense.
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pianokeys
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Re: Air Canada Buys Air Transat

Post by pianokeys » Thu May 16, 2019 7:39 am

Can we all acknowledge how smart this is on ACs part from a predatory/protectionist perspective? TS has gates, slots, etc at airports all over Europe and the Caribbean. Just imagine if WS got ahold of that?
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Re: Air Canada Buys Air Transat

Post by iflyforpie » Thu May 16, 2019 7:43 am

On the other hand that’s a lot of liabilities to hold onto should the global economy collapse... which almost every indicator says it’s going to do, soon.

Of course, I’m sure the government will be right there with their chequebook if things go south. Or do they do e-transfers now?
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Geez did I say that....? Or just think it....?

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Re: Air Canada Buys Air Transat

Post by TFTMB heavy » Thu May 16, 2019 8:39 am

Capt. Underpants wrote:
Thu May 16, 2019 7:36 am
Why would you keep a separate brand that competes directly with Rouge and AC Vacations? Sorry but that just doesn't make sense.
Because of the TS distribution network is linked to the Air Transat brand. Maybe Air Transat will become another Rouge except now AC controls where they both go and doesn't have to fight over the price.
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goingnowherefast
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Re: Air Canada Buys Air Transat

Post by goingnowherefast » Thu May 16, 2019 8:51 am

Rouge in it's current form disappears, "Transat-Rouge" takes over the vacation flying entirely. Allows AC to expand with the repatriated Rouge pilots. Lots of equipment shuffled around for optimisation.

Will be interesting to see what happens with ACPA/ALPA. Won't be a CPA, cause of scope. Do Transat pilots join AC/ACPA in a similar fashion to the current Rouge deal? Maybe it's the end of ACPA, and this will trigger the final push for ALPA at AC? Interesting times ahead.
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landshark
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Re: Air Canada Buys Air Transat

Post by landshark » Thu May 16, 2019 9:18 am

Capt. Underpants wrote:
Thu May 16, 2019 7:36 am
Why would you keep a separate brand that competes directly with Rouge and AC Vacations? Sorry but that just doesn't make sense.
Because you’re still collecting all the profit and you give people a choice.
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Re: Air Canada Buys Air Transat

Post by Fanblade » Thu May 16, 2019 9:24 am

Victory wrote:
Thu May 16, 2019 6:05 am
I suspect Transat was part of the Onex/WestJet plan and that's got completely ruined. I wonder if Onex will pull out of the deal now.
Might see a WJ/Onex counter offer yet. Jerry doesn't walk this easily.
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Re: Air Canada Buys Air Transat

Post by PT6onH20 » Thu May 16, 2019 9:28 am

Fanblade wrote:
Thu May 16, 2019 9:24 am
Victory wrote:
Thu May 16, 2019 6:05 am
I suspect Transat was part of the Onex/WestJet plan and that's got completely ruined. I wonder if Onex will pull out of the deal now.
Might see a WJ/Onex counter offer yet. Jerry doesn't walk this easily.

If you’re gonna talk the talk, at least get the guys name right :roll:

Reminds me of the passenger that says “ I’m friends with Bob De-loo-Chay”
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Fanblade
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Re: Air Canada Buys Air Transat

Post by Fanblade » Thu May 16, 2019 9:36 am

😄,

I get your point, but you don't need to know him personally, to know he has a reputation for tenacity.

I of course have no idea what he might, or might not do. I just would not rule out a bidding war
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lownslow
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Re: Air Canada Buys Air Transat

Post by lownslow » Thu May 16, 2019 10:06 am

iflyforpie wrote:
Thu May 16, 2019 7:43 am
I’m sure the government will be right there with their chequebook if things go south.
Two Montréal-based companies? They’ll probably be fine.
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Re: Air Canada Buys Air Transat

Post by pianokeys » Thu May 16, 2019 11:24 am

PT6onH20 wrote:
Thu May 16, 2019 9:28 am
Reminds me of the passenger that says “ I’m friends with Bob De-loo-Chay”
Bob Deluce has a weak handshake.
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Re: Air Canada Buys Air Transat

Post by Duke Point » Thu May 16, 2019 2:15 pm

The Quebec government will have its hand in this deal.

Gerry is an Anglo form the West, and an underdog because of it. The headquarters must remain in Quebec, and AC is already there.

What would they want of Transat anyway? The 310's, the 330's, the 321's?? WestJet is a Boeing fleet.

Calin wouldn't have announced it if it wasn't almost a done deal and had the blessing of Quebec in his pocket anyway, so speculate away.



PS. ACPA would never allow Transat to be operated as a separate entity, with a separate seniority list flying similar aircraft to Mainline. Calin already mentioned that the Transat operation would be "merged" if the deal is signed.

DP.
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Re: Air Canada Buys Air Transat

Post by Capt. Underpants » Thu May 16, 2019 5:46 pm

landshark wrote:
Thu May 16, 2019 9:18 am
Capt. Underpants wrote:
Thu May 16, 2019 7:36 am
Why would you keep a separate brand that competes directly with Rouge and AC Vacations? Sorry but that just doesn't make sense.
Because you’re still collecting all the profit and you give people a choice.
And keep two administrative cost centres? Not a chance. It may take some time but if this deal goes ahead, they’ll be fully integrated within two years. Buckle up.
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Re: Air Canada Buys Air Transat

Post by iflyforpie » Thu May 16, 2019 6:38 pm

Duke Point wrote:
Thu May 16, 2019 2:15 pm
What would they want of Transat anyway? The 310's, the 330's, the 321's?? WestJet is a Boeing fleet.
To continue their trend of fleet diversification.
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Geez did I say that....? Or just think it....?

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