Add-on Acquisition • Aerospace

Air Canada Acquires Transat A.T.

On June 27, 2019, Air Canada acquired aerospace company Transat A.T. for 520M USD

Acquisition Context

This is Air Canada’s 1st transaction in the Aerospace sector.
This is Air Canada’s largest (disclosed) transaction.
This is Air Canada’s 1st transaction in Canada.
This is Air Canada’s 1st transaction in Quebec.

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M&A Deal Summary
Date	June 27, 2019
Target	Transat A.T.
Sector	Aerospace
Buyer(s)	Air Canada
Deal Type	Add-on Acquisition
Deal Value	520M USD
Advisor(s)	National Bank Financial (Financial) Fasken Martineau DuMoulin (Legal)

Target Company

Transat A.T.

Montréal, Quebec, Canada

Transat A.T. Inc. is an integrated international tourism company that flies to some 60 international destinations in more than 25 countries in the Americas and Europe, offers domestic and connecting flights within Canada, and carries some 5 million passengers every year. Transat A.T. was formed in 1986 and is based in Montréal, Quebec.

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Buyer Overview 1

Buyer

Air Canada

Saint-Laurent, Quebec, Canada

Category	Company
Founded	1937
Sector	Airlines
Employees	37,000
Revenue	22.3B CAD (2024)

DESCRIPTION

Air Canada is a domestic and international airline serving more than 210 airports on six continents and serves more than 50 million customers each year. Air Canada was formed in 1937 and is based in Saint-Laurent, Quebec.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Aerospace	1 of 1
Type: Add-on Acquisition	1 of 1
State: Quebec	1 of 1
Country: Canada	1 of 1
Year: 2019	1 of 1
Size (of disclosed)	1 of 1

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