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Apply for travel industry jobs or place your own recruitment briefs.Air Canada lowers price for rival as Covid hits carrier's value
12 Oct 2020by Gary Noakes
Air Transat offers budget flights to Canada
Air Canada has lowered its offer price for budget rival Air Transat and parent company Transat in the wake of the pandemic.
Air Canada is now set to buy its rival for C$5 per share, down from the agreed price of C$18 a year ago. It means Air Transat’s value has plunged from £404 million to just £106 million, according to local media reports.
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