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17-478: Transat may refer to: Transat A.T. , Canadian tour and travel agency Air Transat , Canadian airline owned by Transat A.T. Concept Composites MD03 Transat , French ultralight aircraft "The Transat", also called the Single-Handed Trans-Atlantic Race See also [ edit ] Transit (disambiguation) Topics referred to by

34-532: A $ 720 million deal. The plan was "expected to face intense scrutiny from the Competition Bureau and other regulatory authorities, including in Europe", according to CBC News. In October 2020, the sale price for Transat AT was reduced from C$ 18 to C$ 5 per share. The closing of the deal is expected for early 2021. In February 2021, the federal government has approved the 190 million deal (or $ 5/share). The impact of

51-766: Is a Swiss aviation services company providing airport ground handling , lounge hospitality and cargo handling services. Its headquarters are located in Opfikon , Canton of Zürich , Switzerland. In 2022, Swissport handled around 186 million passengers, 4.8 million tonnes of cargo, and over 3 million flights, on behalf of over 850 companies in the aviation sector. With around 57,000 personnel, Swissport operates at 296 locations in 44 countries. It provides multiple services to their customers which include passenger services (check-in and gate agents, lounge hospitality), security services, baggage services including ramp handling, fueling, executive aviation and air cargo handling. The company

68-464: Is different from Wikidata All article disambiguation pages All disambiguation pages Transat A.T. In May 2021, Jean-Marc Eustache, then CEO and one of the principal founders of the company, announced he would retire, with Annick Guerard (previously COO) becoming president and CEO effective May 27, 2021. Transat was founded in the early 1980s by Jean-Marc Eustache, Lina De Cesare and Philippe Sureau as ' Trafic Voyages . The company

85-510: Is the largest travel agency network since the acquisition of the Thomas Cook agencies in 2006. Brands include Club Voyages, Voyages en Liberté, Marlin Travel, and TravelPlus. With thousands of tourism service providers in some 60 countries (including about 50 airlines and 1,500 hotels) and more than 5,000 employees catering to the approximately 3 million people who travel every year, Transat is one of

102-636: The COVID-19 pandemic prompted a revision of the deal as well as a decision factor for the Canadian government to approve the merger. This proposed acquisition by Air Canada has been terminated upon mutual agreement on April 2, 2021, after having been advised by the European Commission that it would not approve the transaction. Transat A.T., through its business units, is active in five business segments: Swissport Swissport International Ltd.

119-604: The European Commission . Over the years, Swissport has been the recipient of several industry awards including Ground Handling Award 2013, Air Cargo Handling Agent of the Year 2014 (for the sixth year in succession) and Global Aviation Ground Services Company 2012 (for the twelfth year in succession). On 31 July 2015, China's HNA Group , the parent company of Hainan Airlines , announced that it would purchase Swissport for $ 2.81 billion US. On 7 March 2018, Swissport concluded

136-616: The acquisition of Aerocare and its subsidiaries Skycare, Carbridge and EasyCart from Archer Capital and the Aerocare management. Swissport now holds 100% of Aerocare, an Aviation Services and Airport Infrastructure Services provider in Australia and New Zealand. On 8 June 2020, Swissport's Belgian subsidiary declared bankruptcy, which was confirmed by the Belgian commercial courts the following day. On 25 June 2020, Swissport UK & Ireland announced

153-730: The acquisition of an interest in the franchisor Consultour. The company had broken into the French market very early on with Vacances Transat (France), the largest tour operator offering travel to Canada, and soon expanded within France, the United Kingdom and the rest of Europe. It acquired French tour operator Look Voyages in 1996, Greek incoming tour operator Tourgreece in 2001, British tour operator Canadian Affair in 2006, and French tour operator Amplitude Internationale (today Amplitravel), which specializes in travel to Tunisia, in 2007. At its destinations,

170-600: The company opened offices in Mexico, the Dominican Republic and Florida in order to be able to provide its customers with complementary services. In 2007, Transat created a five hotel, 1,600-room joint venture with the major Spanish chain H10 Hotels in Mexico and the Dominican Republic. In 2010, Transat became an outgoing tour operator in Mexico, when it founded Eleva Travel. In Canada, Transat has nearly 600 travel agencies and

187-565: The company. An offer was subsequently made by Air Canada at C$ 13 per share and another company, Group Mach, proposed a purchase at C$ 14. On 27 June 2019, the Board of Transat AT accepted Air Canada's all-cash bid of C$ 520 million and did not comment on the C$ 527.6 proposal from Group Mach because the talks with Air Canada were still exclusive. The deal required approval by two-thirds of shareholders; some major investors, and some financial analysts, stated that

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204-445: The leaders in the international tourism industry. In 2012, Transat A.T. sold its Handlex business unit, which provides airport ground-handling services at Montreal, Toronto and Vancouver international airports. Handlex was acquired by Servisair Holding Canada Inc, which is now fully integrated to Swissport . On 16 May 2019, Transat AT Inc. announced it was in exclusive talks for 30 days with Air Canada which intended to purchase

221-451: The meantime, the company had grown through various acquisitions. At the end of 2010, Ferrovial sold Swissport for €654 million to the French private equity firm PAI Partners . In August 2013, Swissport announced the acquisition of competitor Servisair which bought Handlex in Canada, a part of the group Transat in 2012. In December 2013, the acquisition was approved, subject to conditions by

238-485: The offer is below the true value of the company. Regulatory and governmental approval would be required for sale of Transat AT. A May report by CBC News stated that "regulatory approvals are no sure thing". If the Air Canada purchase is concluded, Air Transat would continue to operate as a separate brand. In late August 2019, 94.77% of shareholders voted in favour of accepting Air Canada's final offer of $ 18-per-share,

255-410: The same term [REDACTED] This disambiguation page lists articles associated with the title Transat . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Transat&oldid=921502828 " Category : Disambiguation pages Hidden categories: Short description

272-549: Was a wholesaler specializing in travel from Québec to France. In 1987, the company, which had been renamed Transat, was listed on the stock exchange through an initial public offering that generated $ 8.25 million. The company used the proceeds to establish its own airline, Air Transat, and to embark into a series of acquisitions in order to solidify its position as an outgoing tour operator in Canada and France, as well as to develop new destination markets. In 1988, Transat expanded its presence in retail distribution considerably with

289-623: Was founded in 1996 as Swissair Ground Services International, independent of the former Swissair . In the following years, the company expanded both through organic growth and through various acquisitions. As part of the Swissair financial crisis, Swissport was first purchased by the British private equity firm Candover Investments and later sold in August 2005 to the Spanish construction company Ferrovial . In

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