The deal between the Quebec aircraft manufacturer and Air Canada could be terminated at any time, Prime Minister Fran ఫois Legalt on Tuesday assured his government of support for Air Transat.
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The prime minister assured at a press conference on Tuesday that he had “acknowledged that there was” some concern “over the turn of events.
Both companies have agreed to a February 15 deadline to obtain an Air Transat to Air Canada, so both companies can now withdraw the transaction at any time.
The Legalt government discussed the file with “relevant people” on Monday evening.
“We see different scenarios with or without Air Canada, but Air Transat is a very important company in Quebec and we follow it very closely whether it is Pierre Carl Peladio or other people interested in the file,” the Prime Minister told a news conference, emphasizing that Finance Minister Pierre FitzGibbon had been assigned to the file.
“We will not leave Transat without support, we will follow the development very closely,” the lead man added when asked to comment.
Note that Pierre Carl Peladio, President and CEO of Quebecore, has expressed interest in acquiring Air Transat on several occasions.
Air Canada’s acquisition attempt has seen many twists and turns, especially due to the epidemic that has eroded the value of aircraft manufacturers. Air Canada filed a buy offer of $ 5 per share last October, which was approved by Air Transat’s board of directors in December, but negotiations between the two companies are ongoing.
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