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MONTREAL, Dec. 15, 2020 /CNW Telbec/ - The Air Transat component of CUPE representing flight attendants reacts to news that Transat AT Inc. s shareholders approved the arrangement plan for Air Canada s acquisition of all Transat shares. We welcome the shareholders decision to accept the Air Canada offer. We are looking forward to seeing how Air Canada will integrate Air Transat into its fold , said Julie Roberts, President of CUPE s Air Transat component.
The Montreal-based Airline s shareholders voted in a virtual meeting 91% in favour of the sale. Air Transat was facing an uncertain future amid a huge drop in revenue.
The deal is expected to be completed in early 2021 following a decision by Canadian and European regulatory authorities.