After the takeover of Air Transat by the competitor Air Canada failed, the entrepreneur Pierre Karl Péladeau got involved as an interested buyer. But even these talks have broken down, the parent company Transat AT announced.

In April 202, Péladeau offered five Canadian dollars per share through one of his companies, but the price has risen sharply as demand has picked up again, so that the supply is simply too low for previous shareholders. Transat AT confirmed that the offer does not constitute a basis for a takeover. The entrepreneur then withdrew.

Now the group is checking to continue on its own without a partner. The focus is currently on preparations for the resumption of flight operations by Air Transat. This step is to be taken at the end of July 2021. Transat AT holds out the prospect that new shares could be issued shortly. This could be used to strengthen the airline's liquidity.

Air Transat has also received funding from both the Large Employer Emergency Financing Facility and the Government of Canada. According to the stock exchange announcement, an agreement was reached with Ottawa on up to 700 million Canadian dollars.