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

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

Post by Beefitarian » Wed May 01, 2019 12:07 pm

Thanks. I got the aeroflot as part of the reference but didn't have a guess on origin. Fun.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by daedalusx » Wed May 01, 2019 12:22 pm

Same with TUI ... why would they want to risk becoming another C3000 ...
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by FL320 » Wed May 01, 2019 1:45 pm

Transat was not looking for a buyer and they don’t sell because of a critical financial situation. It looks like they got offers from X who believe it’s a good investment (financial and/or most probably strategic) and if they’re now willing to sell it’s certainly because the offer is pretty attractive.
As an employee I see it positively as it may be beneficial for the majority of us (maybe except for the managers/directors/VPs).
Wait and see; discussions are more than at a preliminary stage in my opinion.
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Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation

Post by Hilroy » Wed May 01, 2019 4:18 pm

Word out is Westjet could be one of the very interested party, having interest to expand in international markets...
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Re: AirTransat: for sale-Blue-rouge...?

Post by confusedalot » Wed May 01, 2019 6:16 pm

I'll take that on.......

In the US, tons of big timers disappeared.

PanAm, TWA, Braniff, and on it goes.

The market there can absorb a failure. Others take up the slack.

Not the same situation here. Big red goes natuarally, nobody can take up the market, leading to serious problems for the state. Even westjet could not replace the routes, contrary to the US situation. Delta, American, blah blah, can do the job.
So AC is too big to fail. Feds will always bail the place out. No choice.
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Re: AirTransat: for sale-Blue-rouge...?

Post by DanWEC » Wed May 01, 2019 7:16 pm

Transat being bought by an airline is really far off the mark.
Why would AC want to get into managing hotels?

People should be looking at the fact they increased their foreign ownership limit allowance to the federal limit of 49% at the last meeting... Just like the Hunters did when they got TUI's backing.

Boy... that was terrible for SWG was it? ;)

TS is entrenched in evolving from tour operator to hotel developer, and a large backing would accelerate the process.

You can quote me on this: My money is on the massive Hong Kong conglomerate that bought a large chunk of land from them recently in a cash raising deal.
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Re: AirTransat: for sale-Blue-rouge...?

Post by PostmasterGeneral » Wed May 01, 2019 9:24 pm

Does Transat mean something in French? It’s a weird word.
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Re: AirTransat: for sale-Blue-rouge...?

Post by daedalusx » Wed May 01, 2019 10:26 pm

PostmasterGeneral wrote:
Wed May 01, 2019 9:24 pm
Does Transat mean something in French? It’s a weird word.
Trans atlantic
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Re: AirTransat: for sale-Blue-rouge...?

Post by pilotbzh » Thu May 02, 2019 3:03 am

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

Post by confusedalot » Sat May 04, 2019 12:01 pm

DanWEC wrote:
Wed May 01, 2019 7:16 pm
Transat being bought by an airline is really far off the mark.
Why would AC want to get into managing hotels?

People should be looking at the fact they increased their foreign ownership limit allowance to the federal limit of 49% at the last meeting... Just like the Hunters did when they got TUI's backing.

Boy... that was terrible for SWG was it? ;)

TS is entrenched in evolving from tour operator to hotel developer, and a large backing would accelerate the process.

You can quote me on this: My money is on the massive Hong Kong conglomerate that bought a large chunk of land from them recently in a cash raising deal.
That's an interesting take, I could see it.

Wouldn't discount AC as a buyer quite yet though. Being the biggest, and the flag carrier, wasn't good enough, so they got into the low yield tour operator and leisure travel business via air Canada vacations and rouge. So maybe the leadership would figure "why not".

Canada is interesting. Don't know of many majors around the world (the US in particular), that departed their core air transportation business in favor of tour operating.
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Re: AirTransat: for sale-Blue-rouge...?

Post by goingnowherefast » Sat May 04, 2019 3:19 pm

Get the planes and the crews, sell off the vacation assets. Solves some of their crew shortage problem and extra planes help add capacity.

It's plausible. Will be interesting to see what actually happens.
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Re: AirTransat: for sale-Blue-rouge...?

Post by goleafsgo » Sat May 04, 2019 7:02 pm

goingnowherefast wrote:
Sat May 04, 2019 3:19 pm
Get the planes and the crews, sell off the vacation assets. Solves some of their crew shortage problem and extra planes help add capacity.

It's plausible. Will be interesting to see what actually happens.
Replace the max with the NEO Transat has on order
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