Pierre Karl Péladeau is still interested in Air Transat

Pierre Karl Péladeau, who fears seeing another flagship of Quebec Inc. take off if Air Canada gets its hands on Air Transat, is still interested in buying the company.

• Read also: Quebec ready to help an investor other than Air Canada

• Read also: Millions in bonuses for Transat executives

“I continue to analyze the file,” said Pierre Karl Péladeau in an interview with the Journal when asked if he was still interested in Air Transat.

Thursday, the controlling shareholder of Quebecor, who is acting here in a personal capacity in the file, expressed concern about the fate of Air Transat, which could pass into the hands of Air Canada.

“We have to see with the new offer that it’s over. If the shareholders and the government of François Legault agree to do nothing, it’s over with the Montreal head office of Transat and the pride of Quebecers in this local brand, ”he lamented.

Due to the pandemic, Air Canada would ultimately have to swallow Air Transat for 190 million, four times less than what had been expected last year.

French language

Mr. Péladeau recalled that Air Canada was not the company that had the French language most at heart.

“Air Canada is the company that has always failed to respect official languages. Not for a year. Always. It is she who has the worst record, ”he dropped.

The businessman also said he feared seeing an explosion in airline ticket prices with the transaction.

“The day Transat buys it, the competition is over. Who is going to pay for this transaction? It is Quebeckers because there will be higher rates, ”he analyzed.

By the way, the big boss of Quebecor did not fail to shoot an arrow at the government of François Legault, which supports the transaction.

“It is extremely difficult to see how the government of Quebec can encourage a company like Air Canada”, he lamented.

– With the collaboration of Sylvain Larocque


About Victoria Smith

Victoria Smith who hails from Toronto, Canada currently runs this news portofolio who completed Masters in Political science from University of Toronto. She started her career with BBC then relocated to TorontoStar as senior political reporter. She is caring and hardworking.

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