We were made aware minutes ago that Air Canada has concluded an amended agreement to acquire Transat A.T. Inc. at a lower share price of $5.00. Please click “here” for a copy of the press release. The acquisition is still subject to regulatory approvals including the ongoing approval process of regulatory authorities in Canada and the European Union. This amended agreement clearly demonstrates Air Canada’s continued commitment to acquire Air Transat.
We will be having further discussions with the Employer next week and will update the membership as more information become available.