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Two Megadeals Transform Canada's Air Transport Market

机译:两个Megadeals转变加拿大的航空运输市场

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Almost exactly 20 years ago, private equity investor Onex had its first go at controlling a Canadian airline: Gerry Schwartz's firm was trying to merge Air Canada with Canadian Airlines. "I'd take it terribly personally" if the deal failed, he said. And fail it did. But now Onex is close to gaining control of a large Canadian airline, WestJet, after the carrier's board recommended accepting a takeover offer. Only days later, Air Canada announced plans to take over Transat, the parent company of leisure carrier Air Transat. "The acquisition presents a unique opportunity to compete with the very best in the world when it conies to leisure travel," says Air Canada CEO Calin Rovinescu. "It will also allow us to further grow our hub at Montreal-Trudeau Airport, where we have added 35 new routes since 2012." Air Canada is not only buying the airline but also Transat's other branches in the tourism sector. It had been rumored that Onex and West-Jet also had been looking at acquiring Transat, which would have created a more formidable competitor for Air Canada.
机译:近20年前,私募股权投资者Onex首次进入加拿大航空公司:Gerry Schwartz的公司试图将加拿大航空公司与加拿大航空公司合并。他说:“如果交易失败,我就会让它变得非常感兴趣。并失败了。但现在Onex靠近加拿大加拿大航空公司,WestJet的获取控制,推荐接受收购报价后。只有几天后,加拿大航空公司宣布休闲承运航空跨境母公司接管Transat。 “收购介绍了一个独特的机会,当它在休闲旅行中与世界上最好的机会竞争,”Air Canady Calin Rovinescu说。 “它还允许我们在蒙特利尔 - 特鲁多机场进一步发展我们的枢纽,自2012年以来我们增加了35条新航线。”加拿大航空不仅是购买航空公司,而且还在旅游部门进行Trantat的其他分支机构。它已经传闻称,Onex和West-Jet也一直在寻找收购Transat,这将为加拿大航空创造更加强大的竞争对手。

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