Superior Court Of Quebec Approves Air Canada/Transat A.T. Combination Plan | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Mon, Sep 02, 2019

Superior Court Of Quebec Approves Air Canada/Transat A.T. Combination Plan

Approved By Nearly 95 Per Cent Of Transat Shareholders

The Superior Court of Quebec has granted a final order approving the previously announced Plan of Arrangement for the proposed combination of Air Canada and Transat A.T. Inc. There were no objections made to the court to the application, which was approved by nearly 95 per cent of shareholders at a special meeting of Transat held on Aug. 23, 2019.

The acquisition will proceed by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. The transaction remains subject to regulatory approvals and the other closing conditions set out in the Arrangement Agreement dated July 19, 2019.

If such approvals are obtained and conditions are met, the transaction is expected to be completed in 2020. Further details regarding the transaction are provided in Transat's management proxy circular for the special meeting of shareholders and in the Arrangement Agreement and the Amending Agreement entered into between Air Canada and Transat.

(Source: Air Canada news release)

FMI: www.sedar.com
www.aircanada.com


Advertisement

More News

ANN's Daily Aero-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

Aero-News: Quote of the Day (05.03.24)

"We are reaching out to you today on behalf of the Popular Rotorcraft Association because we need your help. We are dangerously close to losing a critical resource that if lost, wi>[...]

ANN's Daily Aero-Term (05.03.24): UAS Traffic Management (UTM)

UAS Traffic Management (UTM) The unmanned aircraft traffic management ecosystem that will allow multiple low altitude BVLOS operations and which is separate from, but complementary>[...]

ANN's Daily Aero-Linx (05.03.24)

Aero Linx: Society of Aviation and Flight Educators (SAFE) SAFE is a member-oriented organization of aviation educators fostering professionalism and excellence in aviation through>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC