AirTransat: for sale-Blue-rouge...?
Moderators: sky's the limit, sepia, Sulako, lilfssister, North Shore, I WAS Birddog
Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation
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.
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.
Re: Transat AT Inc Announces Preliminary Discussions Concerning a Potential Sale of the Corporation
Word out is Westjet could be one of the very interested party, having interest to expand in international markets...
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It has been 0 days since I've almost died in an airplane.
Never trust a student with fuel and oil.
- confusedalot
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Re: AirTransat: for sale-Blue-rouge...?
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.
Are you still going to give me history lessons?
Over here, it can't
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.
Are you still going to give me history lessons?
Over here, it can't
Attempting to understand the world. I have not succeeded.
veni, vidi,...... vici non fecit.
veni, vidi,...... vici non fecit.
Re: AirTransat: for sale-Blue-rouge...?
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.
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...?
Does Transat mean something in French? It’s a weird word.
Re: AirTransat: for sale-Blue-rouge...?
Trans atlanticPostmasterGeneral wrote: ↑Wed May 01, 2019 9:24 pm Does Transat mean something in French? It’s a weird word.
In twenty years time when your kids ask how you got into flying you want to be able to say "work and determination" not "I just kept taking money from your grandparents for type ratings until someone was stupid enough to give me a job"
Re: AirTransat: for sale-Blue-rouge...?
A Transat is also a long chair,
http://www.abclocation.fr/sites/default ... lienne.jpg
http://www.abclocation.fr/sites/default ... lienne.jpg
- confusedalot
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Re: AirTransat: for sale-Blue-rouge...?
That's an interesting take, I could see it.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.
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.
Attempting to understand the world. I have not succeeded.
veni, vidi,...... vici non fecit.
veni, vidi,...... vici non fecit.
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Re: AirTransat: for sale-Blue-rouge...?
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.
It's plausible. Will be interesting to see what actually happens.
Re: AirTransat: for sale-Blue-rouge...?
Replace the max with the NEO Transat has on ordergoingnowherefast 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.