IAM Canada Statement on Air Canada takeover of Air Transat
23 August, 2019 For Immediate release Toronto – Air Transat shareholders have approved a $720 million takeover by Air Canada by a 94.77% vote. This is well above the two-thirds margin required. Both companies will continue to operate under their current structures. The agreement is now putting the fate of the transaction in the hands of regulators before being finalised. The transaction is unlikely to close before early 2020. IAM