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Air Canada purchase of Air Transat cancelled

For Immediate Release
April 2, 2021

Toronto, ON – Today’s announcement from Air Canada regarding the cancelation of the acquisition of Air Transat comes unexpectedly. From our understanding, the Company’s offer was not approved by the European Commission, making it clear that the acquisition will not go forward. IAM Canadian General Vice-President Stan Pickthall stated, “We certainly weren’t expecting this type of announcement as a start to a holiday long weekend!”

The IAM has kept a close watch on developments as any decision impacts members who work in both airlines. We will continue monitoring the situation, and will work closely with the Representatives and Locals involved to see how things proceed,” commented Pickthall. It is encouraging that the Minister of Transport, Omar Alghabra is placing a priority on protecting jobs in Quebec and Canada, including ensuring the viability of Air Transat and the Canadian airline sector. Protecting jobs is of the utmost importance to the IAM, and we call on the federal government once again to act quickly and provide aid to this industry, and be consistent with their goals.

GVP Pickthall added that, “The IAM has been continuously lobbying the federal government for supports for the aviation industry over the past year, and we are still waiting for something to be presented. Whatever form that takes, we will continue to insist that any supports must benefit the workers across the industry and all airlines, including both Air Canada and Air Transat employees.”
Fred Hospes, President and Directing General Chairperson (PDGC) of IAM District 140 concurred, “I’ve had preliminary discussions with our General Chairpersons across the country, and we will be discussing this further over the weekend. The IAM is absolutely committed to continuing our work and representing our members at both airlines during the coming weeks.”

The International Association of Machinists and Aerospace is Canada’s largest union representing aviation, airlines, airports and aerospace workers. The union represents over 10,000 members at Air Canada, and almost 20,000 in air transportation across Canada.

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For more information:
Fred Hospes, IAM District 140 PDGC
Stan Pickthall, IAM Canada General Vice-President
Keith Aiken, IAM Canada Airline Coordinator

Communications:
Frank Saptel
(416) 579-0481

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This article was originally posted on the IAM Canada website. View the original post here: Air Canada purchase of Air Transat cancelled